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Showing posts from August, 2019

A Universal Basic Income - the way forward?

The idea of distributing free money is enough to cause confusion and perhaps even outrage in even the most level-headed of offices, such is the value of capital to us all. For why should, in a monetarily driven society, we give money unconditionally?  Now granted, put it like that, and any resulting hysteria is completely understandable. Yet when you delve a little deeper, the suggestion isn't as mad as it first sounds. The problem of inequality is unquestionably as prevalent issue today.  The World Bank estimates  that 736 million people, the equivalent to 10% of the world’s population, were living on under $1.90 per day in 2015. No matter which way you look at it, that is a startling number of people. Enter a form of universal basic income (UBI), possibly one of the most liberal economic ideas currently existing in the 21st century.  Principally, the concept gives every person (we will ignore international borders and currencies for the sake of clarity) a certain amoun