Why Free Money For Everyone Is A Good Idea

The idea of a Universal Basic Income “is a proposed system of social security in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere.”[1]From Wikipedia

The idea has been gaining exposure and popularity in recent years, gaining enough support in Switzerland to call for a referendum, along with many other advocacy groups and initiatives in Europe. It was tried in Dauphin, Ontario for five years in the seventies with good results. Leftists are probably already on board but you can read some Friedrich Hayek or Milton Friedman if you’re more right wing and skeptical. It’s a good idea for everybody, from every perspective.

It would eliminate a lot of the bureaucracy surrounding welfare, simplify, save money and make sure everybody has enough money to meet the basic requirements of their survival.

We’ve talked about it on the Srsly Wrong podcast before.

This TEDx talk by Rutger Bregman called “Why we should give everyone a basic income” summarizes the argument really well. Good meme to be spreading around –

 

References   [ + ]

1. From Wikipedia

Aaron Moritz

Aaron is a Srsly Wrong podcast host, writer, and decent human being. He thinks you are swell.

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