P105 - Universal Basic Income (UBI)

Social inequality

Social inequality in the United States is extremely high and getting higher. Jobs lost to automation is one significant contributing factor. Paychecks that don't keep up with inflation is another. Raising the minimum wage seems to be a never-ending political battle. One solution that is gaining acceptance is Universal Basic Income (UBI).

You can think of UBI in the same way as Medicare For All. If Medicare For All is Medicare with no minimum age requirement, UBI is like Social Security without a minimum age requirement. The obvious question is how does it get funded.

Universal Basic Income is being tested in Kenya by an organization called GiveDirectly. The organization plans to give 6,000 Kenyans a basic income for 10 to 15 years.

Prerequisite:
C100Numbers or equivalent knowledge
Suggested pairings:
P102The National Debt
P103The U.S. Tax Structure

Copyright © 2018 Accelerated Learning Center, Inc.