In preparing for tremendous job changes in the future, should we adopt basic income as an alternative to existing social policies?
In Canada and the United States, basic income pilots were spread across both countries and showed favorable results. Results indicated that basic income enabled people to acquire housing and led to increased work in places like Tennessee. Similar sentiment for basic income has been felt across Europe, Asia and Africa, where the debate on basic income has moved into mainstream policymaking. How will governments make progress on basic income?
- Focus on building permanent capital funds, which dividends as basic income can be paid.
- Gradually raise dividends and grow the fund.
- Link basic income to assets or the ‘commons.’ The developments have opened doors to policies around social or common dividends, whereby natural resources exploited for commercial gain owe dividends to commoners.
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