Wednesday, May 24, 2017

Is this the simple solution to poverty?

This TEDTalk reviews the research on a guaranteed basic income. What the speaker asserts is...

...the poor make poor decisions (e.g., worse health, eating habits, etc.) because of a scarcity mentality
...a basic income has been found to eliminate poverty but most people don't quit their jobs (although new moms and dads spent more time with baby, and students spent more time in school.)
...it would be dramatically less expensive to do this than pay for the effects of poverty estimated to be $500 billion in healthcare, crime, etc.

As technology and artificial intelligence gobble up jobs, this may be a solution that the currently affluent will want as well.

Watch this and tell us what you think...is this a giant welfare boondoggle or an obvious and effective solution to the problem?

Poverty isn't a lack of character; it's a lack of cash
https://www.ted.com/talks/rutger_bregman_poverty_isn_t_a_lack_of_character_it_s_a_lack_of_cash

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