Basic Income

Personal Take on Basic Income
In a very broad sense, my belief in basic income is about actually correlating the progress of technology to benefit individuals so they can experience and connect to real progress in their quality of life. This means making technology not only work and do things for people on a small scale, but also to send savings of large-scale efficiencies and advances to people.

Basic income attaches a consistent marker to social progress. It sets people as stakeholders in a system that should be there to benefit them. It serves as a representation to government of how they can benefit citizens. When convoluted and corrupt pathways of funding are on the table, basic income stands there ready and waiting for consideration.

Basic income augments and enhances a free market system to facilitate these ends of real progress. It enhances free market principles by removing systemically inherent caps on efficiency and value and meaning of production. Cheaper and superior methods of production can be pursued freely without meaningless obligation to a quota of jobs.

One key to basic income is that corporate contributions to it, together with money saved via automation, must be cheaper than options to hire people with employee compensations for the same production. This translates into devising of metrics of taxation associated with efficiency and employment that have an admitted potential to be strange. However, this along with other methods of funding make it viable.

Basic income should grow proportional to its economic sustainability.  A very small basic income should be started. As automation grows - as the free system enables it - as social habits facilitate it -  government policies can increase it to a livable wage over time.

There is a slight misconception in the thinking that the only yardstick for adopting basic income is that it must be superior in the utmost of naturalist economic sensibilities. There is an interplay in considering basic income between economic feasibility and inherent human value.

The vision of basic income is partially about creating something that is an end unto itself - very similar to how we have devised of human rights and civil rights as ends unto themselves. In the same way that we move lines of progress in human and individual rights while maintaining social stability, we also move to increase basic income with considerations of anarchistic and free market principles.

The contradictory dilemmas that face basic income are similar to those of other socio-economic conundrums like 'order versus chaos' and 'liberty versus safety.' For instance although basic income is about free market principles and is often seen to cross boundaries into anarchist and libertarian ideologies, it faces obvious comparisons to socialism and communism.

Questions that led me to basic income

If things keep getting more efficient, and our human needs stay the same, then where is all the excess wealth going?

Why do we have this concept of "creating jobs" as if we have to make work?

Why am I told about the value of a work ethic when the signs are clear that most wealthy people work less?

How much unequal distribution of wealth is too much?
or
When is the current system just not working?
or
When are trickle-down economics just not working?

What is the purpose of an economy beyond a claim that it is ordained of God?

Why do we talk about the wonders of economic liberty and yet nobody really likes their job?

Why do I not feel connected to my work?

What sends me into autopilot at work?

What makes me excited about work?

What meaning do I get from work?
and
When do / don't I like work?

My Credibility on the Topic
We all are limited to our own capacities of judgment on opinions about economics. This is a bit of a disclaimer that I am only a feeble citizen using common sense. What I present in this blog is and attempt to portray my true considerations of the topic - nothing more or less than the manner in which I honestly connect to it.

No comments:

Post a Comment