Basic Income

Basic Income

6/15/2016

link

https://www.technologyreview.com/s/601499/basic-income-a-sellout-of-the-american-dream/

summary

This article discusses the concept of basic income and debates whether it is a sellout of the American dream. Basic income is a proposed policy in which every citizen would receive a regular, unconditional sum of money from the government. The article outlines arguments for and against basic income, with critics arguing that it discourages work ethic and promotes dependency on the state. Supporters, on the other hand, believe it could reduce poverty and provide a safety net in an increasingly automated world. The article highlights the tension between the values of individual freedom and social welfare and raises important questions about the potential consequences and feasibility of implementing basic income.

tags

economic theory ꞏ social justice ꞏ job market ꞏ economic system ꞏ public policy ꞏ income redistribution ꞏ economic policy ꞏ social policy ꞏ universal basic income ꞏ economic justice ꞏ welfare system ꞏ social change ꞏ labor market ꞏ social reform ꞏ wealth distribution ꞏ social programs ꞏ wealth gap ꞏ wealth redistribution ꞏ income support ꞏ economic reform ꞏ work-life balance ꞏ economic stability ꞏ poverty alleviation ꞏ social equity ꞏ government policy ꞏ social equality ꞏ economic development ꞏ economic empowerment ꞏ economic security ꞏ social inequality ꞏ social mobility ꞏ economic opportunity ꞏ fair wages ꞏ american dream ꞏ social safety net ꞏ employment ꞏ economic inequality ꞏ guaranteed income ꞏ social security ꞏ economic philosophy ꞏ poverty reduction ꞏ basic income ꞏ social welfare