Automatic Basic Income

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Basic income is not a new idea, but the automation with which we can do it is newer than these supporters Thomas More, John Locke and Thomas Paine.

Automatic Basic Income (ABI) will be a necessity for the survival of humanity and the planet. Some call this UBI, where the 'U' stands for either "Universal" or "Unconditional", depending on who you ask.

“If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality.”


Organizations

Possible sources of money for ABI

  • Our automation wealth in the w:free software stack, which causes falling costs for companies and societies and more services for less money
  • Improved taxation e.g. the new model proposed by the w:OECD
  • w:Helicopter money i.e. central bank stimulating economy by printing money and giving it to the reservoir to pay for ABI

Addressing the need for tax reform

ABI around the world[edit]

Asia[edit]

Sikkim, India[edit]

w:Sikkim is a state in India, which has successfully developed hydro power projects and subsequently produces almost 10x as much electricity than it consumes and they will roll out ABI in the early 2020s.

Africa[edit]

GiveDirectly.org crowdsources funds to run an ABI scheme in Kenya. It is ABI, because the money is distributed through the M-Pesa mobile banking app[2] hence it is automatic.

GiveDirectly.org w:GiveDirectly launched a basic income experiment in Kenya in 2016.

On 2019-11-21 a paper on the GiveDirectly experiment 'General equilibrium effects of cash transfers:experimental evidence from Kenya' was published.[3].

Reporting on the GiveDirectly ABI experiment in Western Africa in reverse chronological order

Basic income in wikis[edit]

Other wikis[edit]

Wikimedia foundation wikis[edit]

Wikipedia

The Finnish Wikipedia

Other

Links[edit]

References[edit]

  1. https://www.reddit.com/user/Prof-Stephen-Hawking
  2. https://www.givedirectly.org/faq/
  3. [[w:Edward Miguel|Miguel, Edward]]; Egger, Dennis; Haushofer, Johannes; Niehaus, Paul; Walker, Michael (2019-11-21). "General equilibrium effects of cash transfers:experimental evidence from Kenya". GiveDirectly.org. Retrieved 2019-12-12.