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posted by
martyb
on Thursday June 02 2016, @08:52AM
from the What-would-YOU-do-with-a-basic-income? dept.
from the What-would-YOU-do-with-a-basic-income? dept.
The highly-anticipated experiment with basic income from Silicon Valley finance firm Y Combinator appears to be making good progress. The company has chosen Elizabeth Rhodes as the project's Research Director, opting for the little-known PHD graduate over applications from tenured professors working at Oxford and Harvard universities. Oakland, California is where the basic income research will happen: the community has been chosen for its close proximity to Y Combinator's head office, and the much-reported wealth divide in the locality.
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The Basic Income Experiment by Y Combinator Draws Nearer
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Nothing so needs reforming as other people's habits.
-- Mark Twain, "Pudd'nhead Wilson's Calendar"
(Score: 2) by acp_sn on Thursday June 02 2016, @03:38PM
The problem isn't the idea but in the details.
What exactly does it meant "to survive"? Does that include 100 suits of clothes for all possible weather conditions? Does it include multiple personal vehicles? Does it include a private bathroom? How about a private swimming pool?
Someone has to make the decision about what is required to "survive" and that person will have power over everyone who receives the "basic income".
(Score: 0, Troll) by DECbot on Thursday June 02 2016, @05:26PM
In the neighborhood chosen for the study, the requirements for survival are pretty strait forward. A 40 of MGD, a fifth of malt liquor, and a colt 45. I expect to see the cost of rent go up as the area is now flood with cash just for living there.
cats~$ sudo chown -R us /home/base
(Score: 1, Interesting) by Anonymous Coward on Friday June 03 2016, @05:59AM
Peg it as a percentage of GDP.
Easy.
Does this mean that in times of economic shock people who could live exclusively on BI can continue to do so? No.
But it is self-correcting in that as GDP increases, people are given more.
And if there are too many people not contributing to the economy, the BI contracts.
Give me a Nobel Prize!