Hence, America just demonstrated that Basic Income works and alleviates poverty. Given these results, I think a scheme such as failed presidential candidate Andrew Yang’s (D-New York) Freedom Dividend could lead to great prosperity in America.
Caring for an elderly; or a disabled, relative can be a fast ticket to poverty. For example, a single woman caring for her 80-year-old mother with dementia could have to quit her job.
The technological jobs apocalypse will be a nightmare for educators and governments if these projections come true. For instance, 54% of employees will require significant re-skilling and retraining by 2022, The World Economic Forum speculates.
Fortunately, we can easily rectify this discrepancy by paying the basic income or dividend to children. I think all the time women take off to care for children, elderly loved ones, the sick, and the disabled is the main cause of this discrepancy. Caregiving hurts families because it increases expenses when a person has to leave work to do it. A basic income with no age limits will give every a family an extra family $1,000 for each person regardless of their work status. Consequently, a woman who has to take time offer to care for a disabled child will receive a $2,000 a month income.
It is time to ask can data pay for a basic income, because of the huge profits Silicon Valley generates. Notably, several politicians are discussing a “data dividend;” in which…