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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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(Score: 2) by Scruffy Beard 2 on Friday June 03 2016, @06:12AM
There are two ways to implement Basic income:
1. Negative tax rate for low income
Cheaper to run, you need to file your taxes to qualify
2. Everybody get as payment
You qualify by being a registered citizen (possibly of a certain age).
Putting strings on Basic Income defeats the whole point. Things like mean testing are expensive to administer, and there will be people that fall through the cracks.