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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: 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!