Universal Basic Income for All
2016: Why globalization and progress has made it inevitable for us to think about a basic income and it's potential for OpenIDEO.
Profile
I am passionate about: Technology; Philosophy; Psychology; Arts; Horticulture
Show my name on the attendees list for events I am attending: Yes
"“The answer lies within the question itself.” – J. Krishnamurti"
I like exploring frontiers: whether its ideas, the mind or the world around us. Using technology and a sensibility for the arts, we can envision and create truly great ideas for the benefit of all. I have been living in Vancouver for the past five years attending university studying theatre production and design.
Research
26pt
Idea
0pt
Evaluation
10pt
Collaboration
39pt
Total
75pt
2016: Why globalization and progress has made it inevitable for us to think about a basic income and it's potential for OpenIDEO.
Thank you Alisa. In fact, this is blog entry from one such beneficiary of basic income. Scott is able to sustain himself thanks to a basic income supported by his followers. His experience is valuable in understanding the day-to-day effect of BI.
http://www.scottsantens.com/basic-income-observations-log-entry-one-security
Hi Ed,
Thank you for sharing your idea. I have a couple questions:
1. By tying yourself to a loan in exchange for education, how do you make sure that the borrower (student) isn't chained to the sponsor's financial interest.
1 bis. What is the incentive for creditors? What sort of return are we talking about (sweat equity, etc.)
2. What criteria is used to define “success”. Is a graduate whose able to find a job upon graduation considered successful? What if someone decides they want to change the field of studies halfway through?
3. What if the job is done out of necessity to pay the debts rather than out of a personal pursuit driven by passion ?
4. My concern is on putting pressure on people to find the job because they feel obligated to do so.
5. If the graduates aren’t able to find a job, how does that affect them and the creditor? What insurance do they both have?
Caveat: The nature of Work is under-going a transitional phase, automatization and globalization are constantly shifting the demand/needs for work. What we consider a valuable career today may not be applicable in a couple years.
I am a proponent for promoting education at low-cost with a no-strings-attached.
My concern is that I feel that help, driven by financial incentives, even if out of good intentions, may ultimately fail to accomplish its original intent: helping students to get an education leading to acquire the personal skills.
Lowering the cost of education should be done out of sense of collective responsibility. I think this is one of those situations where we have to Act, rather than consider all possibilities and act only then.
A better analogy would be the decision by the US to fight in Europe during WWII. There were many ways to assess whether the danger was worthwhile or not, but it should not be an action taken out of consideration of options, but rather an act done out of pure necessity.
Paul commented on Universal Basic Income for All