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Basic Income

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Uploaded by on Jan 3, 2010

A new spectre is haunting the planet ... Since decades a lot of progressive thinkers support and supported this idea, like Bertrand Russell, Martin Luther King, Milton Friedman or James Tobin.

The talk is about a Basic Income, a minimum sum paid by a state to each of its members unconditionally, irrespective of any income from other sources and without requiring the performance of any work.

Some adherents see real freedom and liberty for all behind this idea. The given money could stimulate the market development and economic growth. Others advocate a Basic Income, because they believe in social justice and see it as measure against poverty.

In my opinion it could not only solve many social and economic problems but activate a huge creative potential. In that case, not all of our efforts are aimed at earning money, but also at solving the problems in our world. And there are a lot of solutions, which just must be picked up. Therefore I propose a suggestion scheme to collect and manage ideas, how to make the world to a better place. A Basic Income could help to enable this aim.

I dream about a society, where each of its members can deal with the freedom, which is given by the community.

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  • @TheGrandmaster1 Milton says that capitalism is the best economic system for prosperity in society. He states that the poor will benefit, in the long term, from such a society. He does however say that the biggest downfall is that some people will inevidibly be left behind. His solution to that problem that would best fit his ideals would not be the welfare programs we see today (min wage, unemployment, SS, etc..), but a basic income. The gov doesn't have to make decisions.

  • @TheGrandmaster1 his argument was that in some societies there are people anonymous to each other... so they cant help each other against poverty. Milton Friedman invented therefor a basic income theory. Its the ultimative way to real freedom and I dont think that Milton Friedman is just someone... He was one of the most brilliant minds and thats why i tryed to understand his views and im pro basic income now.

    intellectual greetings from germany :)

  • @kuruantigenic - That's exactly what I wondered. Really? How. It is directly opposed to his life's work. I would be fascinated to see how he would articulate an argument for it, without running directly headfirst into everything he's every said before. 

  • "Thus, a basic income would in no way threaten the work-force's ability to gather and build theses necessities (and the consumption of the income would, in fact, guarantee no drag on the economy.)" Untrue - How do you guarantee that every person receives ONLY ONE basic income. We already know that welfare fraud is endemic. Your basic income will drain the economy. Not to mention the moral rights. You have no right to take from the wealthy by force.

  • @zardozcs

    The basic means of life are incidental to the massive amounts of capital currently owned by the rich in our society. In other words, the labour being spent today on increasing the wealth of the wealthy already overshadows the labour spent on basic necessities. Thus, a basic income would in no way threaten the work-force's ability to gather and build theses necessities (and the consumption of the income would, in fact, guarantee no drag on the economy.)

  • The very idea of a basic income without having to do any work is contradictory. Instead of income one must understand that the basic income consists of food, water and shelter to the minimum amount needed for a human being to survive. But none of these things exist unless someone does the work necessary to gather and build them.

  • milton friedman?

  • @CatholicConversion U (and everyone else visiting this vid) might also be interested in the ideas of the late Louis Kelso & his associates. Also, re Murray,we should note that his plan works out to only about $800/mo. Yet we have, in principle at least, the ability to provide twice or perhaps even thrice as much, and, at least ideally, should damn well do so. Indeed, eventually, everyone should be able to have a rather affluent real income regardless of whether they labor at all.

  • I often wonder how well a consumption tax, basic income, and alongside, a national initiative would take the U.S. into the future where it seems to be stagnant at this point economically.

  • Thank you. Will share!

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