A basic income really could end poverty forever

Funding for these programs would come from steep taxes on the winners of the AI revolution: major technology companies; legacy corporations that adapted to leverage AI; and the millionaires, billionaires, and perhaps even trillionaires who cashed in on these companies’ success. The size of the stipend given is a matter of debate among proponents. S

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But replacing a job shouldn’t be the goal for unconditional cash benefits. Instead, the purpose of unconditional cash is to grease the wheels of capitalist life — to give people that extra boost they need to pay their parking tickets, or deal with a health emergency, or buy a little more nutritious food for their kids, or just make it to the end of... See more

Martinelli highlights “the danger that basic income ‘would aggravate the problem of low pay and subsidize inefficient employers,’ leading to a proliferation of ‘lousy’ jobs.” In this scenario, those with good jobs will continue to lead fulfilling lives, now supplemented by universal income, while others will have to combine their UBI with one or mo... See more