Tag Archives: UBI

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What if the Government Gave Everyone a Paycheck? Well it just did. What did we learn?

Before the pandemic (i.e. 2018), people were asking this: What if the Government Gave Everyone a Paycheck? – The New York Times.

It seemed impossible at the time. Then the pandemic came, and governments in the US and Canada essentially did just that.

What I fear is going to happen is economic conservatives are going to rush in and start yelling “Deficits are Bad!!!” and all the Establishment will nod and a new wave of austerity will come in. What I hope is that better economists will come to the fore and push and see how close we can get to UBI, given what we learned so far.

Much depends on what happens in the next six to twelve months.

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On Finland and UBI (Universal Basic Income)

Two links worth reading on Finland and UBI: this one and this one.

Essentially, Finland did a form of UBI and it didn’t work. Those for UBI will argue it was implemented poorly. Those against UBI will argue those people are purists and in fact UBI will never work.

I think there are limits to UBI, but the Finnish implementation was poor. I think it can be done better than that. Read the two pieces in the New York Times and decide for yourself.

Two interesting pieces on UBI (universal basic income)

There have been many articles written on UBI. (If you don’t know what it is, it’s  universal basic income: a cash payment made to every individual in the country).

Two of the more interesting ones I’ve read are here: The UBI already exists for the 1% – Medium, and this one here (on how India is looking to do it).

UBI is coming. It may take some time though.