17 Apr '13, 8pm

Universal Basic Income - the affordable killer app for social resilience

The present social-welfare system is not working. It was designed for a different era, to provide income security for the relatively small numbers of people who became temporarily unemployed from standard jobs. Efforts to patch it up in response to new needs have been piecemeal. We need a proactive new system, building on the old system’s principles of security and social solidarity, but far more inclusive. Basic financial security should be a right for all members of society. A system that could achieve this is universal basic income (UBI), sometimes called a citizens’ income or dividend. UBI is a regular and unconditional income from the state to every member of society, whether they engage in paid work or not. UBI replaces social welfare payments, child benefit and the state pension as we currently know them. It also extends to all those who currently receive no income ...

Full article: http://www.feasta.org/2013/04/17/universal-basic-income-a...

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