Basic income

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Basic income
4 Comments on Basic income Worldwide, Economy, BIEN

A basic income is a periodic cash payment that is provisionally delivered to all individuals, without any other requirements than that the income recipient has reached an adult age.

Basic income levels should be such that all adult individuals can access basic needs.

  1. Food.
  2. Clothes.
  3. Residence

That is, basic income has the following five characeristics:

  1. Periodic: it is paid at regular intervals (for example every month), not as a one-off grant.
  2. Cash payment: it is paid in an appropriate medium of exchange, allowing those who receive it to decide what they spend it on. It is not, therefore, paid either in kind (such as food or services) or in vouchers dedicated to a specific use.
  3. Individual: it is paid on an individual basis—and not, for instance, to households.
  4. Universal: it is paid to all, without means test.
  5. Unconditional: it is paid without a requirement to work or to demonstrate willingness-to-work.

More can be read on BIEN Basic Income Earth Network

 

4 Responses to Basic income

  1. Hesham Hashem says:
    2018-12-17 at 05:12

    If we have look to france now ..there are big problem will face this world .people became like slaves …..some people control this world….

  2. Dennis Wilson says:
    2018-12-16 at 17:07

    The problem isn’t whether or not basic income is good for the world, no question it is, the problem is who administrates the basic income. Right now I believe most experiments are government administrated, which is a mistake, and here is why, people will become reliant on the government to supplement their income, and governments will become reliant on the payments to gain, or maintain power, a lose, lose situation. The better solution is to have a revenue stream that pays its membership.

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