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In a somewhat surprising turn of events, The Economist in its May 23rd edition, published a piece with no name attached, where it labeled the idea of a basic income for all as "basically unaffordable".
Chris Hughes Leicester Heather Stewart reports that "Labour may back free basic income for all" (6 June).
In a world with a universal basic income for all, what would you do about housing costs?
A basic income for all is an old idea receiving new attention because of the recent labour-market upsets.
He recommends a guaranteed basic income for all, to be paid for with new taxes, levelled, at least in part, on the new gazillionaires.
If today's billionaires worked together to house the homeless or to guarantee a basic income for the less fortunate, the "revolution" wouldn't be necessary.
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And it must also cater for people who will be poor throughout their lives.The Bank now calls for an "enhanced focus on basic income provision for all vulnerable elderly".
A pension is, at its most basic, income support for people too old to work, with society ensuring they are not destitute and can afford to live.
He said he would donate half of the $1.4 million prize money to social causes, including a campaign to establish a basic income grant for all South African citizens to alleviate poverty.
A Basic Income Plan For San Francisco.
Note that there is still a basic income system for disabled people who are not able to work at least three hours per day.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com