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 @ 6:06am


    He's fallen for that "But it's fair because everybody gets it" lie.

    That's what makes it unfair. A sliding scale that goes from £(sum) to £0.00 for those who don't need it would make it fair.

    I see this as middle-class bashing (AGAIN!) because middle-income earners would be whacked the hardest for the tax revenues to pay for it. We haven't actually considered how we're going to pay for it, have we?

    BTW giving money to people doesn't automagically make them more creative, it just gives them more money. Other sources of income for creatives exist. Now since they're market-inclusive this means your project might not get funded, but that's okay. Sorry, I'm with Nicholas Batik on this on the grounds that having a sum of money that is not enough to live on by itself would require you to get a job in order to pay the rent, etc., there being no free market in housing, etc., which would be one of those things that stagnates creativity per Mike's reasoning because the freedom to be creative wouldn't be there.

    I should point out that in the town where this was tried, the costs spiralled out of control and the project was closed down because it was unsustainable. That's why they trumpet the health and happiness benefits, which you can also receive by... having a job that pays enough to live on.

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