Techdirt Podcast Episode 16: Rethinking Work, Income & Leisure: Albert Wenger On Basic Income

from the BIG-ideas dept

Recently, there's been a growing discussion around the concept of a basic income guarantee and its potential to completely change how we think about work, income and leisure. Would it change the world for the better, or create more economic problems than it solves? Albert Wenger from Union Square Ventures joins us this week to discuss the potential of this revolutionary idea.

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Filed Under: albert wenger, basic income guarantee, economics, podcast

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  1. identicon
    Wendy Cockcroft, 20 Mar 2015 @ 5:55am

    Re: I'm Offended, Mike

    This Pirate has debunked the idea of *Universal* basic income on several occasions on the grounds that:

    1. It's not enough to live on by itself, so you're screwed if you can't get a job or other form of income, and you're particularly screwed if you have complex problems, e.g. long-term health issues. It'd only work out for those of us who are relatively healthy and job-ready.

    2. Not all rich people pay tax. The idea of giving it to some rich footballer AND his wife and kids is anathema to me because they don't all pay into it and they don't need it. Which leads me to...

    3. How in the world can we afford to dish this money out to those who DON'T need it as well as those who DO? Quick recap: not enough to live on by itself, not required by rich people, who don't all pay into the system.

    4. Apparently, it's for citizens. Here's the problem: I'm a foreign resident (Irish) living in the UK. I don't need a British passport now, except for ID. I earn £17.5K a year and would lose half my income and all of my pension to provide enough money to give to the idle rich. No way!


    Okay, so what if we tweaked it a bit? Universal Basic Income is non-negotiable. You give it to all or to none. I'd be less inclined to oppose it if you restricted it to people earning less than £10k a year or who lived in households bringing in less than £40k a year, took tax-paying residents like me into consideration, and left my damn pension alone. I've worked for that and I'm entitled to it because I've put in for it.

    Don't knock entitlement unless it's unwarranted.

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