Name: Universal Basic Income: is it realistic? [AnyStory]
Uploaded: 2020-01-12T18:32:26.000Z
Duration: 2 min 33 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Since the early 80s the global number of people who live in poverty is declining

But up to this day over 595 million people can't cover their basic costs of living

Reflexive pronouns

and provide financial security for themselves

What if everyone's income was taken care of by government support

Unlike social assistant benefits the UVI is an unconditional income

that's sufficient to meet every person's basic needs

A fixed amount regardless of a person's gender, family composition, employment status or income

Since the 60s there has been a number of pilots and experiments

Derived from this research some results are very clear

Homelessness and hunger can be eliminated and people's self-esteem will rise

Nobody is dependent on another person anymore

and parents can focus primarily on raising their children

People will start working fewer hours which means more room available on the labour market

Prosperity in developing countries will rise and economic migration will decrease

But the latter only applies when the UBI is implemented on a global scale

Otherwise countries that are able to provide a UBI will become more attractive for economic migration

Well, some governments just can't afford a basic income without the support of wealthier countries

Other governments might need to cut on other expenses like health care, education or defense

or raise taxes since the UBI is slightly more expensive than systems currently used

Within UBI countries the role of the government will increase

and their citizens will become more dependent on the state

As for now, pilots and experiments are conducted in several countries

only on a national or local level, focused on specific groups

Will we be able to work together as global citizens in order to realize a global universal basic income?

That's the challenge that lies ahead of us

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