UBI should not be just about survival or consumer spending. Instead, it should be seen as a catalyst for driving technological change. A kind of long-form state support could shore up social cohesion and lead to better governance. That would have a halo effect.

People are more likely to participate in the technological transition positively if they... See more

The means of funding UBI determine so much of its long-term impact. Each funding method carries a different set of properties, a unique host of alchemical interactions with socioeconomic incentives. Some promise to ’twist’ capitalist logic and pave a road to communism. Others may pit the minority class whose tax increases exceed their UBI against... See more

Currently, the most popular of these methods of redistribution is, as mentioned earlier, the universal basic income (UBI). At its core, the idea is simple: every citizen (or every adult) in a country receives a regular income stipend from the government—no strings attached. A UBI would differ from traditional welfare or unemployment benefits in

... See more