fbpx

Can Universal Basic Income Help Fix Inequality?

15 / 100

In a 2018 poll, nearly half of all Americans supported the idea of a universal basic income (UBI) – where did this idea come from and what would it mean for today’s society? The idea of UBI has been around for many centuries and has been gaining popularity over time. In 1516, Thomas More’s ‘Utopia’ philosophizes on the benefits of a minimum income, Thomas Paine wrote of providing a basic income for all adults for all over the age of 21, and in 1967, Martin Luther King Jr. named guaranteed income as the income to poverty.

Today, many call for UBI with the threat of a new industrial revolution: automation. The idea may seem very utopian, but testing the reality of a UBI has recently begun. A possible way to pay for this idea is by value-added tax. This is a tax on the production of goods or services, usually paid by customers.

Find more about how UBI could change our way of life here.

Can Universal Basic Income Help Fix Inequality? 1
Can Universal Basic Income Help Fix Inequality? 4
NowSourcinghttp://nowsourcing.com
Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

More from author

Leave a Reply!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Celebrate the 2020 NBA Champions with LEBRON23

Can Universal Basic Income Help Fix Inequality? 6

Related posts

Advertisment

Categories

Latest posts

Why Digital Nomads Need a Quality Pair of Glasses

These days, more and more people work in front of a computer. Whether you’re a student, digital professional, or someone who loves...

The Best Resources For Coding

Each year there is a computer science week where they focus on coding and computational thinking, and one can get involved. Apart...

8 Safe home remedies to treat hiccups in children

Has your kid ever experience hiccups? Yes! Hiccups are caused due to repetitive diaphragmatic spams and children sometimes feel embarrassed due to...

What I'm Currently Reading

Who Moved My Cheese?
The One Minute Manager
David and Goliath: Underdogs, Misfits, and the Art of Battling Giants
The FabYOUList: List It, Live It, Love Your Life


James Hicks's favorite books »

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!