Universal Basic Income

This is the concept of establishing a baseline income for allcitizens that in theory will promote health, well-being and ultimately eliminate poverty and the detrimental effects it has on all levels of society. Opponents predict it will lead to a lazy humanity, proponents to a releasing of the shackles of wage-slavery. Either way, the game has begun...

“The most striking thing which we hadn’t actually anticipated is that the emancipatory effect was greater than the monetary effect. It enabled people to have a sense of control. They pooled some of the money to pay down their debts, they increased decisions on escaping from debt bondage. The women developed their own capacity to make their own decision about their own lives. The general tenor of all those communities has been remarkably positive,” Professor Guy Standing (Business Insider).


Keynes believed that 'a point may soon be reached, much sooner perhaps than we are all of us aware of, when these [economic] needs are satisfied in the sense that we prefer to devote our further energies to non-economic purposes.' — Zero Marginal Cost Society