Unconditional Basic Income is an Economic Stimulus. Everybody Wins!!!

Unconditional Basic Income is an economic stimulus. Everyone wins!

1. What is Unconditional Basic Income (UBI)?

UBI is a guaranteed minimum income that is given unconditionally to all people in a country. On top of this ‘basic’ minimum people can earn an income by working, just as they do now.

2. Why introduce the UBI?

– UBI eliminates poverty.
The financial crisis of 2007–2008, also known as the Global Financial Crisis, is considered by many economists the worst financial crisis since the Great Depression of the 1930s. It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment.
– UBI serves as a safety net. It supports the unemployed and each individual to survive with dignity during the periods in which work is scarce.
– No other system guarantees basic economic security to all people in such an unconditional and straightforward way.

3. But for that we have Social Security, don’t we?

Social Security, besides being very costly to maintain, does not fulfil its purpose which is to eliminate poverty. It also does not encourage people to work rather than depend on it, because arranging a job means loosing the right to unemployment benefits and stability.

4. Why should people get paid for doing nothing? They will become lazy and insolent.

People would be more productive, would engage with work in a more meaningful way, knowing that they chose the work they do. Exploitation of people in desperate situations would cease. People would have time to take time off working for study purposes, for purposes of being with their loved ones in difficult times, with their babies and small children. It would create more jobs. The voluntary work which is carried out in our society each day would be even more rewarding.

5. Isn’t the cost of UBI higher than Social Security?

Not necessarily. In the long run it is more economical because it eliminates all the bureaucratic costs associated with social support. It also eliminates the costs derived from poverty, because it is the biggest cause of people going to prisons, mental illness, school failure and family problems.

6. Who will benefit most with the UBI?

All will benefit – from the workers to the company owners. The UBI gives everyone the opportunity to work harder, get wealthier. It simultaneously helps to reduce economic inequality and it gives to people the capacity to buy goods hence invigorating the economy. The rich remain rich and the poor have the opportunity to enrich.

The UBI is an economic stimulus. Everyone wins!

So let’s sign the petition to pay every adult an Unconditional Basic Income of £11,375 a year

http://epetitions.direct.gov.uk/petitions/55875

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Intellegent People THINK BIG

Give everyone enough Money to live on. The vital jobs will become the highest paid jobs, the non vital jobs will disappear and we’ll all start using buying and selling different goods and services, goods and services that people have a passion for and the economy will thrive.

It’s not rocket science. It’s scientific fact.

Intelligent People THINK BIG

Sign the petitions

To pay every adult an Unconditional Basic Income of £11,375 a year.

http://epetitions.direct.gov.uk/petitions/55875

The European Initiative for an Unconditional Basic Income

http://basicincome2013.eu/

Why it’s the right time for a Citizen’s Income

We are not alone 😉

Policy Press Blog

By Malcolm Torry, author of Money for everyone, new this month

A Citizen’s Income is an unconditional, nonwithdrawable income for every individual as a right of citizenship. It’s unconditional: that is, any two working age adults would receive exactly the same amount, no matter how different the amounts they earn, the assets they own, or the households in which they live. Every person over retirement age would receive the same larger amount. And every child would receive the same as any other child. A Citizen’s Income is nonwithdrawable: that is, if you earn additional income, your Citizen’s Income remains the same. And it’s for every individual: so it’s not reduced if you’re living with someone else, or the person you’re living with earns some additional income.

In all of these respects a Citizen’s Income is the opposite of our current means-tested benefits. Means-tested benefits are conditional: on looking for…

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Commodify Everyone’s Interests

BIG Campaign Poster2 copy

Paying every adult an Unconditional Basic Income of £11,375 a year will enable True Free Market Forces to determine which jobs and industries are vital and reward those jobs and industries with a commensurate financial reward.

I’m sure the Free Market would decide that Firemen, Doctors, Nurses, Teachers The Food Industry were Absolutely Vital, but what about the Call Centres, the Munitions Factories, the Majority of Office jobs and the Cheap Plastic Tourist Tat That Nobody Really Wants?

Simple solution.

Commodity Everyone’s Interests.

If we commodify the New Work that people choose to do, GDP would remain the same but………

We’d All Be A lot Happier.

http://epetitions.direct.gov.uk/petitions/55875

Pay every adult an Unconditional Basic Income of £11,375 a year. The Government Petition.

BIG Campaign Poster2 copy

Were not really BIG on petitions, but seeing as the next UK General Election is not for another 2 years, we thought we’d give any impatient voters the chance to get it debated in this years parliament.

We’ve set up this E Petition and if it gets 100,000 signatures by 14 October 2014

IT MUST BE DEBATED IN PARLIAMENT!!!!!!!!!!

Any individual earning less than £29,000 and any couple earning less than £60,000 will be financially better off and every adult will recieve this fully costed out unconditional basic income of £11,375 a year, regardless of whether they are working in other paid work, nor working or retired.

The Swiss did the sane thing. They raised 100,000 signatures and next year there will now be a referendum to decide whether to pay every Swiss adult an unconditional basic income of €2,800 a month.

http://news.msn.com/world/swiss-to-vote-on-dollar2800-monthly-income-for-all-adults

There is also a European Citizens Initiative that need to raise 1 million signatures to debate getting the unconditional basic income to be a new human right by the European Parliament.

http://basicincome2013.eu/

The title of our UK petition is “Pay every adult an Unconditional Basic Income of £11,375 a year.”

Responsible department: Department for Work and Pensions

How we propose to fund this unconditional basic income. The fully costed figures.

Scrap current welfare and pensions budget raises £6375 per UK adult.

Scrap the tax free personal allowance and raise income tax to 50% raises at least another £5000 per UK adult.

Then pay every UK adult a tax free unconditional basic income of £11375 a year instead and it also means anyone who takes additional paid work will always be better off, solving the “benefits trap” problem.

It is also possible to replace income tax with the land valuation tax while raising the same amount in tax revenue.

Sign the petition here

http://epetitions.direct.gov.uk/petitions/55875

Unconditional Basic Income: Solves the Housing Crisis

BIG Campaign Poster2 copy

Paying every adult an unconditional basic income of £11,375 a year can solve the housing crisis.

It will help reduce house prices, free up existing council and social housing as well as reduce rents.

Here’s how:

A BIG Political Party Government will give low interest mortgages for self build houses to anyone on the unconditional basic income.

On average people currently spend a third of their disposable income on a mortgage.

A third of the unconditional basic income is £315 a month.

A repayment mortgage for £78,500 at 1.5% interest ( this is three times as much as the current Bank of England base rate of 0.5% ) would cost £315 a month.

The average cost of a new build house in the UK is £155,000

This means 2 people with a joint unconditional basic income of £22,750 could afford the repayments on a £157,000 mortgage to buy a £155,000 self build house.

These 2 people do not have to be couples.

This will enable more new houses to be built, in a sort of national housebuilding scheme, without costing the BIG Political Party Government a penny, as the full cost of building each new house will be recouped in mortgage payments, with an additional 1.5% interest as a profit for the Government.

As more new houses are built, the supply of houses increases. The economic law of supply and demand means that this increase in supply of houses will reduce house prices. This in turn will reduce rents.

Rents will also be reduced because everyone will have the option of buying a new build with a cheap government “new build mortgage” if rents become too expensive.

This new build housing glut will also free up existing council and social housing, which will further increase the housing supply, with the resultant effect of keeping house prices and rents low.

So an unconditional basic income of £11,375 a year for every adult, will not only free up the creativity and inventiveness of each individual, not only meet everyone’s basic needs for food and shelter, but will also enable a massive government house building initiative, without costing the government (tax payer) a penny. In fact it will do so while making the government (tax payer) a profit.

What’s not to like?