COVID-19 Has Fast-Tracked Serious Discussions For Universal Basic Income
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To stimulate its pandemic-hit economy, a province in South Korea has been experimenting with universal basic income programs by regularly giving out cash, no questions asked. Now, some politicians want to go national with the concept, in the video “South Korea’s Universal Basic Income Experiment to Boost the Economy, WSJ“, below:
COVID-19 has fast tracked the 4th Industrial Revolution, demanding various governments to respond to the inevitable outcome of automation-robotics-artificial intelligence, seeking solutions for the end of the labor era. The South Korean government is proposing to fund the Universal Basic Income partly through a robot tax, essentially levying tax on factories that have automated their productions. South Korean official felt that Universal Basic Income is not a welfare policy but an economic policy. Therefore, it is inappropriate to exclude those who pay large sums of taxes. A recent survey in South Korea indicates that about half of the South Koreans are in favor of a national universal basic income.
In 1974, Canada conducted a landmark basic income experiment in a rural town in Manitoba. Now, decades later, as countries struggle with high unemployment rates and a global recession in the wake of the COVID-19 pandemic, debate around whether Canada should have a national basic income has resurfaced. Critics say Canada can’t afford it. Advocates say it’s the best way to address the social inequities and welfare gaps the pandemic exposed, and maybe even better prepare Canada for the next global crisis, in the video “The case for universal basic income in post-pandemic Canada“, below:
Automation is set to be one of the major issues facing humanity in the future. So how do we solve the problem? Andrew Yang has a decent proposition: Universal basic income or UBI. In this video, we check out the pros and cons of this future, in the video “Universal Basic Income (UBI) – Life After Automation“, below:
The reduction in poverty, health care cost, and justice system cost, etc. render Universal Basic Income (UBI) a rather cost-effective investment for any country or society. Furthermore, UBI provides a stabilizing force for citizens and the society in general. As our society becomes more automated and artificial intelligence more advanced, our society will be wealthy enough to provide UBI for every one.
The only American presidential candidate of 2020 who has been thinking seriously and calculating about UBI is Andrew Yang. Andrew Yang was the only candidate who was keenly aware of what automation-robotics-artificial intelligence will bring to our world within a decade. He was the only one who was prepared for a time when good percentage of human being (Americans) will not be able to compete against the robots or machines. That would include: truck drivers, clerks, librarians, radiologists, surgeons, or lawyers and many many more. Several cities in USA have been experimenting with UBI. We look forward to their results and hope the post-pandemic period is ready to seriously consider this revolutionary step in our human history. Truly, all governments should seriously consider taking this step if the society will be wealthy enough.
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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