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What's your opinion on Unconditional Basic Income? (This is not Communism)

The Basic Income movement is one that is quickly gaining ground around the world. Both prominent right and left wing persons have given their support for this idea.

What's your thoughts on Basic Income, do you think it's a good idea?

http://en.wikipedia.org/wiki/Basic_income
http://www.reddit.com/r/BasicIncome/

EDIT: I forgot to mention (in case you haven't heard) that what sprout the movement was Switzerland's proposal for basic income ($2800 monthly). http://www.reuters.com/article/2013/10/04/us-swiss-pay-idUSBRE9930O620131004


EDIT 2: This is NOT meant as a universal cure for all the problems of the world, things like education, politics, corruption and deceases are separate issues (even though Basic Income might help with them) if you wish to solve those issues please join or start a conversation about those. However discussing them with respect of BI is very fine and encouraged.

Please try to NOT sway too far from the topic, which is "What's your opinion on Unconditional Basic Income?". Comments to others opinions are of course free to go far from the topic, but preferably not too far.

And please try to be constructive and mature in your comments to others on this conversation.

Also please read AT LEAST the provided Wikipedia article on Basic income as it will answer many questions posted here.


Thank you for reading this explanation...(?)

Topics: basic income
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Closing Statement from Jimmy Strobl

Wow, thank you ALL for your contributions to this conversation!

There's no way that I'm going to be able to summarize what was said here.
But I do feel that people might be ready for this transition or at least they are able to be convinced that it is feasible.

Anyway, thank you all for your participation and sorry for the lack of response the last few days.

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  • Dec 24 2013: A Basic Income is not only desperately needed, it's shortly going to be required. It's only a question of how long it takes people to figure out how important it is and vote for it.

    The driving force that makes it a necessity is technology -- all forms of it, from hammers and hoes, to tractors and telephones, all the way to our current robots and AI. All these technologies, when mixed with capitalism, drives inequality in society higher and higher.

    Without technology, capitalism can create a fairly equal society, because human labor, is the keystone to the production of all value. No single human, can produce all that more wealth with his hands, than another. But the more technology we add to the mix, the wider the gap between the most productive and the least grows. And the wider that gap, the greater inequality grows. Technology causes our economy to shift from creating wealth with our hands, to creating wealth by what technology we own control of.

    The shift has been very slow for the past 100's of years, and we have coped by adding growing amounts of socialism to out society in the form of making the rich pay for services for the poor, from roads, to schools, to the military that protects the poor, to all the direct welfare programs. But technology is growing too fast now, to allow us to offset the effects of inequality with more social programs. We need to stop shifting wealth form the rich to the poor, in the form of free government services, and start doing it as a direct cash transfer to offset excess inequality.

    A Basic Income is the solution to the growing levels of inequality created by technology. We should have started it 100 years ago, as a small payment, but people weren't ready to even think about it. We need it badly today, and if we had had it in place, we likely would have avoided this last big recession. But most still don't understand it, or accept it.

    But soon enough, they will catch on, and vote for it.
    • Comment deleted

      • Dec 25 2013: This kind of response is particularly frustrating. What, specifically, was incorrect, bad, wrong or what have you, about the Soviet Socialist policy of guaranteed housing etc? You cannot attribute this policy to the collapse of the Soviet Union (when the same policy survives elsewhere in Europe), and when the Soviet Union was at war with an ideologically opposed West hell bent on destroying it. It was clearly not the economic policies of the West that 'won' this war, as the recent financial crisis makes abundantly plain.
      • Dec 26 2013: Mike We agree!
        Throw in the Paulson & Co, Goldman Sachs CDO insider rigging as a contributor to the collapse. That alone resulted in billions of lost revenue, and given the monkey see monkey do mentality of the markets, you have a recession.

        The unregulated cronies you speak of.

        Sorry my mistake, it is not lost revenue, it is wealth redistribution to John Paulson&Co.

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