The entrepreneur announced the plan as one of the participants in the latest Democratic presidential debate.
Stockton is giving $500 a month to more than 100 residents as part of a universal basic income experiment.
"We're not struggling."
Changing the nature of work Can basic income become a worldwide policy? Moyan Brenn/Flickr, CC BY-SA Providing the means
Without basic economic security, people often behave selfishly and vote irresponsibly.
By now you’ve probably heard of universal basic income. Giving everyone a set amount of money is billed as the solution to
We are likely to enter an economic era with far fewer jobs than before. A 2013 Oxford study highlighted that 47% of U.S. jobs
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The RSA believe we can all be agents of change by stirring our passion into something tangible, something that can be shared with the world.
It appears some establishment voices have picked up on a way of opposing the idea of the monthly citizen dividend of about $1,000 per month, known as universal basic income (UBI), in a way that successfully leaves some progressively minded people afraid.
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There's really no telling what a universal basic income will do for the human race. It seems like a utopian solution that could potentially strengthen the developed world to a point of prosperity. Or it could be manipulated into a place of complete ruin by a lazy and entitled generation. We'll never know until we try.
An implication of these advances is that we will have to come to terms with high rates of unemployment, as we are seeing
We won't get world peace by converting others to our tribes. We can, however, come together to at least solve the problem of economic insecurity, if not inequality, which would put everyone on a solid footing and ease the tension that is a hallmark of our times.
First, let me nitpick. Murray correctly notes that, "The great free-market economist Milton Friedman originated the idea
If Hillary Clinton wants to mobilize Sanders' supporters for the November election, she should simply build on her past record and call on Americans to construct a stakeholder society.
To fight poverty, we must simply abolish it. And to abolish it, we must get over the many scientifically unfounded mental barriers that have always prevented us from doing it to this day, mainly the notion that one must work for one's daily bread.
Yanis Varoufakis explains why universal income is an idea whose time has come.
[T]he increase of wealth is not boundless. The stationary state of capital and wealth would be a very considerable improvement