Remember when people were content to be unambitious, sleep until 11, hang out with their friends? You had no occupation whatsoever, maybe working a couple of hours a week at a coffee shop … Portland is a city where young people go to retire.” – Lyrics to the Portlandia theme song, “The Dream of the 90s Is Alive in Portland”portlandia90s

You don’t set an alarm. Why would you? You don’t need to. You wake up … whenever.

You reach over to your mobile device …Ahh, yes … your $2,555 + $642 for each dependent child monthly UBI (Universal Basic Income) check has been direct deposited into your communal credit union account.

Your minimal effort wage amounts to an annual salary of $30,660 for a single, $61,320 for a couple and $76,728 for a family of four.

Life is good. Life is always good. There are no more challenges.

Should you go back to sleep or do whatever?

What time is it anyway?

Since you don’t wear a watch, you really don’t know or care … You sleep comfortably knowing that you are — through your inaction — contributing to the end of welfare as we know it. The reason: The “safety net” extends to us all.UBI

Many support free education as a matter of right. But let’s pose an obvious question right now: Why do you need an education when a paycheck is heading your way regardless of what you know or don’t know?

Literally tens of thousands of Americans back extending Medicare benefits to everyone as a matter of right. Certainly Medicare-for-all will be an extension of Universal Basic Income (UBI). Right?

And how many on the left and on the right have complained vocally about our welfare system with its unemployment insurance, food stamps and disability programs?

Why not include everyone and be done with it?

Switzerland already voted on Universal Basic Income last month. It was nip-and-tuck, but UBI came up on the short-end, 77-23 percent.UBIBern

Fret not; every worthwhile movement endures character-building setbacks at the onset only to prevail. Didn’t Chairman Mao’s Long March begin with the first step? Besides, won’t we all eventually vote our self-interest for free-money from the government as a basic right?

Is There A Catch?

With any nifty proposition, there are always those naysayers who may raise some annoying questions about UBI.

What about the $20 trillion national debt and counting? Wouldn’t UBI become the ultimate entitlement program sending the stratospheric red-ink ledger out of the galaxy?

Wait a minute: Isn’t money simply a creation of capitalistic greed? And doesn’t the basic right to income trump (no pun intended) alles?

For example, the nattering nabobs of negativism will want to know how UBI will be financed. Easy, the ill-begot profits of publicly traded companies and related Wall Street transaction taxes will be redistributed to a fund for UBI payouts.

Instead of putting resources into new innovation, building a business, paying out dividends and rewarding stellar employees, the entrepreneurs/achievers at publicly traded companies and unicorns will redirect via the government the remainder (e.g., profit) between revenues and expenses to pay UBI recipients.

What would happen to corporations, companies, start-ups and small businesses, their employees and the products, we use on any given day? What would be their incentive to invest, meet challenges and overachieve?

Regardless of what you do or not do, a UBI check is going to be deposited into your checking account. So why make a fuss?UBI

Would global competitors (e.g., Japan, Korea, Taiwan, India) follow suit and provide UBI payments to their citizens? Or (gasp) would they continue to compete and work up-to-six-days-per-week to swiftly replace us as the leading economic power on the planet?

Maybe Almost DailyBrett is being a little too skeptical, and hopefully not cynical.

UBI proponents point to the end of capitalism as if that is a desirable goal. With UBI, we would all be grateful for (dependent on) the largesse of the nanny state. The much-vilified Clintonian welfare system would end. Conceivably, the leisure industry would prosper because everyone would be on permanent vacation.

And yet your blog author is primarily bothered by one overriding concern: Is it right to receive money for something I did not earn?

Let’s all compete to the best of our ability and see what happens. Hopefully, there will be more than a few shekels for us all instead of a paycheck we didn’t earn.

http://www.nytimes.com/2016/03/03/technology/plan-to-fight-robot-invasion-at-work-give-everyone-a-paycheck.html?_r=0

https://en.wikipedia.org/wiki/Basic_income

https://www.youtube.com/watch?v=mBt4HlcDUDw

http://fivethirtyeight.com/features/universal-basic-income/

http://www.bbc.com/news/world-europe-36454060

http://www.bloomberg.com/view/articles/2016-06-06/universal-basic-income-is-ahead-of-its-time-to-say-the-least

https://www.google.com/#q=625+Swiss+francs+to+dollars

 

 

 

 

 

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