10 Reasons You Should Support Basic Income

10 Reasons You Should Support Basic Income

The basic income offers something for everyone.
354
views

The idea of a universal basic income (UBI) has been around for a while, but it has been gaining attention recently. It is a fairly simple idea. Step 1 is to regularly give every citizen a check to cover basic expenses. There is no Step 2.

Despite —

or perhaps because of —

its simplicity, implementing a universal basic income would solve several problems in American economic policy and ultimately be beneficial. Here is an overview of some of the reasons why.

1. UBI appeals to both ends of the political spectrum.

UBI is one of the few economic policies that free-market capitalists and socialists agree on since it has something for everyone. It has plenty of supporters, including top economists as well as activists and philosophers:

There are plenty of other UBI supporters, but those are some of the most well-known.

2. UBI would make the welfare system more efficient.

One common criticism of the current welfare system is that it is inefficient. Money is lost to bureaucracy and administrative costs instead of going directly to the people it needs to help. However, in principle, the UBI is the most efficient welfare system possible because it skips the bureaucracy and gives the money directly to people who need it: "The most efficient way to spend money on the homeless might be to give it to them."

3. UBI would eliminate the welfare trap.

One of the problems with the current welfare system is that means-tested welfare programs have cutoff points. Someone with an income below the cutoff point could actually lose money if they tried to increase their income. With the UBI, there is no cutoff point, preventing any kind of welfare trap.

4. UBI could end poverty.

UBI ensures that everyone has enough money to afford basic living expenses. So, implementing a UBI could lift everyone out of poverty.

5. UBI would encourage innovation.

Let's say that someone has a cool new idea for a product, but they don't know if it will take off. Under the current economic system, they might be too worried to even try to invest in that idea. If their basic living expenses are taken care of, they will be less worried and more likely to put out new ideas.

6. UBI could improve your health.

In two separate instances, citizens had improved physical and mental health after a UBI program was implemented.

It would make sense if UBI was the cause since it helps financial security.

7. People who receive UBI don't tend to waste it.

A fear that some might have about UBI is that recipients would waste it all, that the poor cannot be trusted with money. However, a meta-analysis of 19 studies showed that, when poor people are given money, they actually spend less on alcohol and tobacco.

8. UBI can handle technological unemployment.

As I have mentioned about once or thrice before, automation will increasingly surpass human ability to do any given job. UBI will provide a stable, livable income for the increasing number of people who become technologically unemployed.

Even if automation somehow never ends up causing unemployment, though, UBI is still a good policy. It just so happens that UBI can insure us against the likely possibility that automation replaces human jobs en masse — and our current system cannot.

9. UBI works.

A UBI pilot program launched in Namibia in 2008 proved highly successful, especially in reducing malnutrition. In two UBI programs in India, "Villages spent more on food and healthcare, children's school performance improved in 68 percent of families, time spent in school nearly tripled, personal savings tripled, and new business startups doubled."

GiveDirectly, an independent and independently funded research group, has found that cash transfers are extremely beneficial to the poor. Plenty of examples show the same result: UBI works.

10. More UBI experiments are happening right now.

UBI is being implemented and studied in communities all around the world, including

Also, a group called the Economic Security Project recently invested invested $10 million to study the effects of UBI.

All of these will help us understand how well UBI works as a policy in the future. I am confident that they will show its effectiveness since UBI is a simple, non-partisan policy that can help us to move forward as a society.

For more information on this subject, check out some of the following resources:

Basic Income Earth Network

Reddit: Basic Income FAQ

Washington Post: "Free money might be the best way to end poverty"

Futurism: Basic Income articles

Cover Image Credit: The Daily Public

Popular Right Now

Customer Service Expert, Gary Brewster of Oneida Provides Tips for Displaying Appreciation to Your Customers

By taking a more direct and proactive approach to managing your customers, you can open up a new avenue of success for your business.

5172
views

Customer relationships are a core part of your business success. Many businesses that outperform their competitors are just more responsive in this area. By taking a more direct and proactive approach to managing your customers, you can open up a new avenue of success for your business. How can you display genuine appreciation to them? Here are tips and practices from customer service expert and accomplished entrepreneur, Gary Brewster in Oneida, Tennessee that you can adopt.

Event Sponsorship

There are many small signs of appreciation you can show to customers, but hosting an event provides significant evidence to customers that your business genuinely acknowledges and cares for their support. With these events, you can treat customers as guests - which can be a great way to elevate your relationship with them. After these events, you can follow-up with your customers, build upon that relationship, and gain additional insights into their expectations.

Customized Products and Services

Customers will be pleasantly surprised to see products specifically catered to their preferences. This shows that you do respond to their feedback and are appreciative of the information they provide. Also, you are reinforcing the fact that your business firmly puts a priority on their needs and is committed to elevating their experience. You can personalize your products through a couple of means, including offering them in certain colors, modifications, labels, and more.

Use Handwritten Notes

A handwritten note is one of the best ways to convey authenticity in your messages. When you use this medium for sending messages of appreciation to your customers, it generates a more positive response. In a world saturated with emails, social media messages, and mobile text, a handwritten letter can stand out. You can work with your team in organizing a schedule where customers are sent handwritten notes. These can especially work great for the holiday season as customers are more receptive to goodwill messages during this time.

Develop a Loyalty Program

While your business benefits form loyalty programs, they also make the customer feel more appreciated. For your most consistent customers, you are sending the message to them that their loyalty has not gone unnoticed and that you are truly grateful. When repeat business is rewarded, the long-term benefits will be valuable. Instead of merely creating a loyalty program from scratch, consider doing research and recognize specific purchasing patterns within your customer base. You can then highlight certain products they favor and make that the focal point of your loyalty program.

When it comes to maintaining a high standard of customer service, communication and goodwill are valuable. Showing appreciation to your customers is more than simply communicating with them, but also conveying a general sense of commitment to their needs. Your business stands to gain immensely by developing this unique approach to customer service. Consider adding more of these elements as you build your customer service strategy with your team.


About Gary Brewster:

Gary Brewster in Oneida, Tennessee is an entrepreneur and commercial roofing expert. Driven by building excellent relationships, he takes pride in providing the best customer service possible. As a business owner, his goals include delivering exceptional service, solving complex problems, and giving back to the community. Outside of the office, Gary enjoys spending time on his family farm with his wife, children, and grandchildren.


Related Content

Connect with a generation
of new voices.

We are students, thinkers, influencers, and communities sharing our ideas with the world. Join our platform to create and discover content that actually matters to you.

Learn more Start Creating

He’s Not My President, And I’m Sorry That He’s Yours

I refuse to acknowledge him as "my" president, he doesn't deserve it.

283
views

It's been about two years since Donald Trump has officially taken office and became your president. I say "your" because he is not my president and I refuse to acknowledge him as such. I refuse to associate this man with one of the most powerful titles because he does not uphold the standards of what it means to be president. Donald Trump is a failed businessman, WrestleMania participant, and T.V. personality, but he is no president.

In the past, we've elected leaders whose ideas and vision for this nation didn't align with mine, but Donald Trump is another kind of malevolence that I refuse to believe runs the United States of America. Go ahead, call me all the names in the book; snowflake, libtard, or whatever your petty, little heart desires—your president still incompetent and runs his platform based off of false hope, an abundance of lies, and a xenophobic agenda.

This man single-handedly fooled an entire group of people that the United States was going to build a wall at the southern-most border (as if there isn't already a wall there) to keep out "criminals" (undocumented immigrants fleeing their country in order to survive) and said Mexico was going to pay for it (which they never did and never will.) This entire plan was flawed from the beginning; it was founded upon hate and pure ignorance. I hate to break it to you, but this country was founded upon immigrants and that's never going to change.

Your president even had a temper tantrum and shut down the government for 35 days, he doesn't care about the citizens of this nation, and to be quite frank, he never did in the first place. He never will unless it benefits him in some way. We're talking about the same man who addresses woman like their objects, views minorities like criminals, opposition for the LGBTQ community, makes a mockery of disabled people, honestly, the list can go on and on. What makes you genuinely believe he cares about you?

President's Day was initially created to celebrate George Washington's Birthday but eventually was adapted to commemorate the presidency as a whole somewhere along the line. So this President's Day, as we reflect upon your President's legacy for what he's created thus far, I'm sorry. I'm not sorry he'll be remembered as one of the worst presidents to go down in history and I can't wait until this nightmare is over.

Related Content

Facebook Comments