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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 26 2013: There is a very strong argument for a UBI… Public Roads, no one can argue against the positive impact that this socialist infrastructure has had on society.

    Meet a basic requirement, and you are up and running, free to pursue whatever you desire. You don’t even need a car, use a bike.

    If a UBI is thought of in the microeconomic sense, the amount of innovation it would inspire is breathtaking.
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      Dec 26 2013: Public roads are constructed using taxes collected from the net producers of a society for the good of all. An unconditional income subsidy would be collected from that same group, but given to a single or limited group, for only their benefit. The first case is for infrastructure, the second is social welfare. This entire discussion is sidestepping the real issues: are income disparities bad, and if so, should they be remedied by subtracting from the high achievers and giving to the underperformers, or by encouraging the underperformers to produce more?
      • Dec 27 2013: Good point , Brad.
        Income disparities are reasonable, considering our economic system.
        But for the people who weren't lucky enough to take advantage of this system because of the various unfortunate circumstances, we should find a way to level the playing field.
        As long as the UBI doesn't seriously "demotivate" the high achievers, and the amount of money given to the poor is reasonable, then I think we shouldn't object.
        It could be the basis of encouraging them. If we want them to start from scratches, we should at least put some "scratches[UBI]" in their pockets, right?
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          Dec 28 2013: ...if it itches, scratch it.
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        Dec 29 2013: Brad,

        "An unconditional income subsidy would be collected from that same group, but given to a single or limited group, for only their benefit."

        No, BI would be given to EVERYONE, that includes yourself and Bill Gates.

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