UBI Works

Does Basic Income Discourage Work? Fact: No basic income study has a found major reduction in work, beyond students and new parents. Many find better work, go back to school, and start businesses.

www.ubiworks.ca/workincentive

bsky.app/profile/floy...

Economists generally will agree that a well-designed basic income can support workers without major disincentives.

No study on UBI has shown a meaningful drop in employment, beyond students and new parents. We want those people to focus on school and raising the next gen.

YouTube video by Common Wealth Canada How to Unf*ck the Economy: AXE THE TAX on Young People, Tax Land Instead

How to unf**k the economy

This finance expert says tax land. It taxes unearned gains without punishing productive work. Land rents are effectively a tax on the next generation and workers.

This is how to unf**k Canada

youtu.be/m9EF1FmzYv0

Universal basic income could be used to soften hit from AI job losses in UK, minister says Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries • Business live – latest updates The UK could introduce a universal basic income to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said. “Bumpy” changes to society caused by the introduction of the technology would mean there would have to be “some sort of concessionary arrangement with jobs that go immediately”, Lord Stockwood said. Continue reading...

Universal basic income could be used to soften hit from AI job losses in UK, minister says

Screenshot of a Wall Street Journal opinion article titled “A Guaranteed Income Won’t Stop People From Wanting to Work,” by Abhijit V. Banerjee and Esther Duflo. A subheading says evidence from programs around the world suggests basic income does not make recipients lazier. Below the headline is a photo of several women sitting outdoors at a table working.

"Not only don't people work less when they are guaranteed an income, they might actually put in more effort at work. And the fact that they have more money to spend leads to the creation of more jobs."

Nobel Prize–winning economists Abhijit Banerjee and Esther Duflo

Three policies that will put humanity on track for greatness: implementing them would solve most problems we face today.

We Gave Homeless People Cash. They Bought Housing Not Drugs. The evidence from Vancouver to Denver is undeniable: When people in crisis receive money, substance use goes down, employment goes up, and homelessness ends.

I know. Big shock here, but I still wanted to put it all in one place. In my latest Substack, I compiled the evidence from multiple pilots focused on homeless people to show that over and over again, cash reduces homelessness and also even reduces drug use.

Universal basic income is the way to go.

BREAKING: Carney announces new Canada Groceries and Essentials Benefit to replace GST Credit, a basic income-like program.

It will provide support for roughly 30% of Canadians. Family of 4 will get up to $1,890 this year, and a single person will get up to $950 this year.

Councillors call for universal basic income trial in Bristol The scheme involves the government giving free money to everybody with no conditions attached

Delighted that this got passed at full council on Tuesday! Well done @anist.bsky.social for driving this forward - now the pressure is on central government to make this happen! Everyone deserves to have enough to survive

www.bristol247.com/news-and-fea...

#ubi #bristol #costofliving #careleavers

SK's birthrates grew for first time in a decade, thanks to a combo of policies giving ~$150K assistance per kid, including expanded child benefits, paid parental leave, and housing subsidies.

Studies in Quebec and Spain have also found that child benefits boosted fertility.

Reddit post about South Korea birthrate, the lowest in OECD

"Raising kids is a 25-year career... needs to be compensated accordingly"

The pro-family case for basic income is overwhelming.

Basic income buys people time.

Time to retrain, to build their life back up, and to create something new.

Basic income could help create a more just and sustainable food system A farmer at the Roots Community Food Centre urban farm in northwestern Ontario harvests Gete-Okosomin squash in summer 2021. (C. Levkoe), Author provided

Not UBI -- an incremental step with targeted cash transfers.

'Some have discussed the new grocery store rebate, which is to be delivered through the GST/HST tax credit system, as closely aligned with proposals for a basic income guarantee.' - Royal Society of Canada

rsc-src.ca/fr/voix-de-l...

Not exactly a UBI, but an incremental move with cash transfers.

Hopefully this helps normalize political support for UBI.

Agreed. We should be doing more. But need to show politicians that we can continue moving in this direction.

Yes, not exactly a true UBI. A cash transfer, but we should be doing much more.

Not abandoning the cause. Showing politicians and their staff that cash benefits are supported but we should be doing even more.

Basic income could help create a more just and sustainable food system A farmer at the Roots Community Food Centre urban farm in northwestern Ontario harvests Gete-Okosomin squash in summer 2021. (C. Levkoe), Author provided

"Some have discussed the new grocery store rebate, which is to be delivered through the GST/HST tax credit system, as closely aligned with proposals for a basic income guarantee. But a basic income guarantee would involve regular payments, not just a one-time rebate."

rsc-src.ca/fr/voix-de-l...

www.pm.gc.ca/en/news/news...

BREAKING: Carney announces new Canada Groceries and Essentials Benefit to replace GST Credit, a basic income-like program.

It will provide support for roughly 30% of Canadians. Family of 4 will get up to $1,890 this year, and a single person will get up to $950 this year.

AI is hitting UK harder than other big economies, study finds Britain is losing more jobs than it creates owing to artificial intelligence, Morgan Stanley research suggests

UK is losing more jobs than it creates owing to AI, as businesses report 11.5% productivity growth.

Early-career jobs (2-5 yrs exp) most likely to be cut.

Will Canada experience the same? Many of our CEOS have called for basic income for a reason.

www.theguardian.com/technology/2...

Should artists get a basic income like they do in Ireland? Could the government pay salaries to musicians and artists - no strings attached like they do in Ireland?

The correct answer to this is "Yes, and everyone else too."

Excellent thread!

Annapolis Valley advocates call for municipal support for basic income guarantee Annapolis Valley advocates are calling on Kings County council to support efforts to work toward a basic income guarantee for all Canadians.

Poverty costs $2 billion a year in Nova Scotia.

"Parliamentary Budget Office estimates the implementation of a basic income guarantee program would cost about $1.55 billion a year for Nova Scotia."

Basic income is a net positive investment in people's potential.

www.saltwire.com/nova-scotia/...

haha ubi already works in various forms

www.ubiworks.ca/gbi-vs-ubi

» Ann Arbor residents spend guaranteed income on food, household supplies, housing

In the Ann Arbor pilot, 100 entrepreneurs + gig workers got $528/mo for 2 yrs.

"One person highlighted how the financial cushion was beneficial to their entrepreneurial efforts, stating, 'It’s hard to be inspired or to think creatively or to be a change maker when you’re constantly just hustling.'"

New causal evidence in JEEM: Iran’s move from fuel subsidies to (near) universal cash transfers reduces inequality. Reallocating about $1 per person per day cuts the expenditure Gini by ~8%.
Paper: doi.org/10.1016/j.je... #EnvironmentalEconomics
@jeem-econ.bsky.social @usiidep.bsky.social @usi.ch

Especially when you look at the costs of housing the unhoused in emergency rooms and jails. The cost per day is higher than just housing people in need. We're pissing on money for the sake of ideology and stigma.

Basic income is cheaper than poverty.