Economic issues · General

The Greens propose a universal basic income

Natale

Earlier this week the Greens proposed establishing a Universal Basic Income (UBI). This was much to the chagrin of the political establishment, which accused the Greens of lacking seriousness and a fitness to govern.

I am no fan of the Greens, however, this idea is no ‘leftie pinko nonsense’.

True, there are legitimate concerns over the tremendous cost of supplying every Australian with $23 000 per annum–as has been suggested. Ensuring the viability of any lasting UBI would require large cuts to existing systems of welfare, which was not proposed here.

In the contemporary context where work for humans remains relatively abundant, a UBI would also disincentivize work. This could create a permanent underclass of people who will never achieve financial independence, knowing no better than that dictated by big government.

Nevertheless, a UBI may be essential one day with artificial intelligence threatening to automate millions of jobs in an unprecedented manner.

Given the blistering rate of technological development thus far, it is either short-sighted or arrogant to assume what many liberals do: artificial intelligence will never render humans redundant in the workplace.

6 thoughts on “The Greens propose a universal basic income

  1. The Leftist-controlled city of Stockton, CA recently filed for bankruptcy. Yes, the City (some 250,000 residents) filed for bankruptcy. But hey, there’s more money where that $ came from so after the bankruptcy the city, still in the clutches of the radical Left, inaugurated a guaranteed $500/month income for all residents, thus becoming the welfare magnet for the entire state of Crazifornia! You Just Can’t Make This Stuff Up!

    1. Yeah not to mention Stockton has probably become a magnet for illegal immigrants. What do you make of that Republican businessman running for Governor who is garnering attention? It seems many are hyping it in saying he has a chance, but with California’s demographics this seems highly unlikely. Has he got a shot?

  2. If you need tips on conducting a government based war on poverty program just ask US, as in USA. Ours has been in operation for 50 some years. The main area of success is in hiring more government poverty program employees.

    1. Yeah and those are valid concerns about welfare I share, particularly when societies become especially multiculti. But we may need a UBI one day if technology replaces most or all forms of employment.

Leave a Reply