* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, October 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Potential consequences of implementing universal basic income

June 24, 2023
in General
Potential consequences of implementing universal basic income
Share on FacebookShare on Twitter

Potential consequences of implementing universal basic income Potential consequences of implementing universal basic income Samuel Wan · 14 seconds ago · 4 min read

UBI promises more equality, freedom, and happiness. But a dig deeper calls for skepticism around “free money.”

4 min read

Updated: June 23, 2023 at 6:27 pm

Potential consequences of implementing universal basic income

Cover art/illustration via CryptoSlate

Upland: Berlin Is Here!

Universal Basic Income (UBI) is often touted as the panacea for freedom and happiness – more so in modern times since advancements in Artificial Intelligence (AI) demonstrate a credible threat to jobs.

U.K. anti-poverty charity the Joesph Rowntree Foundation stated that regular cash payment, regardless of income, existing wealth, or other conditions, could help reduce poverty, improve income security, and boost well-being.

The concept of a basic income is not new; for example, the Canadian province of Manitoba experimented with a basic guaranteed income pilot between 1974 and 1979. However, the convergence of modern cultural change, particularly from AI advancement, has made UBI seem increasingly necessary.

It’s worth pointing out that a mass basic income pilot effectively took place during the lockdowns, where eligible individuals received “covid payments.” This gave people the experience of “free money,” making UBI seem like a viable possibility.

However, significant worries remain about funding UBI and potential unintended consequences, such as undermining individual responsibility and self-reliance and, contrary to expectation, creating greater societal inequality.

Likewise, when considering the government’s response to the health crisis, another cause for concern is its possible misuse as an authoritarian tool – which, when combined with a Central Bank Digital Currency (CBDC,) may comprise a system of dependency driven by pressure to conform for fear of being cut-off.

The case for UBI

Researchers from the think tank Autonomy recently announced plans to trial a two-year program paying £1,600 ($2,040) a month to 30 participants in the North East of England and North London.

The organization said the pilot intends to “make the case for a national basic income and more comprehensive trials to fully understand the potential of a basic income in the UK.”

Autonomy’s Director of Research, Will Stronge, added that a UBI would reduce poverty and boost the well-being of millions of people, making the potential benefits “just too large to ignore.”

Anthropologist David Graeber argued that the prevalence of meaningless jobs in Western society harms mental well-being. He argued that these “bullsh*t jobs” inflict psychological harm and are morally and spiritually damaging.

Graeber estimated that around half the jobs in developed countries fall into this category. Such roles are primarily characterized by their lack of impact, meaning if the job ceased to exist, the world would continue with no discernable consequences.

Examples of bullsh*t jobs Graeber gave included admin assistants, telemarketers, and middle management positions, among others.

On that basis, UBI could free people from the necessity to work a meaningless job for money. This would likely bring about a profound positive shift in our attitudes towards ourselves and others, as the struggle for survival would no longer be a consideration.

During the lockdown, many people were free to decide how to spend their time, leading to increased hobby uptake, with walking, reading, and exercising being popular choices. Moreover, this period also saw new business formations up 13% in 2020 – suggesting UBI could encourage entrepreneurialism.

The disadvantages of UBI

In contrast to expectation, political and financial writer Stephen Bush argued that UBI would result in greater inequality, not a more egalitarian society.

He explained that because UBI is paid to everyone regardless of their circumstances, higher earners would experience a boost in their “financial firepower to entrench their advantages.” This could mean more capital to invest in property, greater access to private education, and amplification of other such advantages.

Few could argue against the humanitarian aspect of guaranteeing a regular, minimum monthly payment for all. But in reality, such a system is cost-prohibitive – presenting doubts about UBI’s feasibility.

Although the Joesph Rowntree Foundation was mainly in support of a basic income scheme, they also warned that UBI is not a “silver bullet,” as it would require a radical overhaul of society and the economy, noting that tax increases to fund it proved a sticking point, even among supporters.

“When asked directly about UBI, some studies show a sizeable minority of the public are receptive to the idea, at least of a pilot, but with no majority in favour and significant concerns about cost and use of the money, even among supporters.”

In a UK-based report by Northumbria University professor Matthew Johnson, it was noted that 70-80% supported a basic income of £995 ($1,270) per month – significantly less than the amount per Autonomy.

But crunching the numbers, even at the lower rate, the estimated cost would amount to £480 billion annually – equating to 22% of the U.K.’s GDP – which is a sizeable chunk of the country’s economic output.

Concerns on government involvement

The development of CBDCs has experienced a notable uptick recently, with most countries either launching or actively progressing with their programs.

CBDCs have drawn criticisms around the centralization of control in the hands of the establishment – with detractors warning that authorities could potentially block specific purchases and merchants, even programming expiration dates to prevent saving.

The governmental reaction to the health crisis demonstrated that, when given the opportunity, authorities overstepped their mandate, imposing strict lockdowns and suppressing dissent, even if that consisted simply of asking questions.

Two years later, the prevailing narrative surrounding the health crisis is unraveling. For example, in the “partygate” scandal, which involved U.K. Conservative party members congregating in violation of social distancing rules and gathering restrictions, Member of Parliament Andrew Bridgen recently remarked, “They laughed and didn’t care.” He further commented that these politicians knew the disease had a 99.8% survival rate and were not scared of transmitting it to their families.

Data compiled by Pew Research found that public trust in government has sunk to near-historic lows – with just 20% of Americans saying they would trust their government to do what is right always/most of the time. This starkly contrasts with the mid-sixties, under President Johnson, when the same question yielded a 77% response.

It has been repeatedly shown that government initiatives often fail to meet expectations. When combined with a willingness to trample civil liberties in the name of public health, it becomes imperative to approach CBDCs and UBI with caution rather than blind acceptance.

While UBI may appear to be a promising solution to inequality, we should be mindful that nothing comes for free.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoSlate – https://cryptoslate.com/potential-consequences-of-implementing-universal-basic-income/

Previous Post

The yield convergence and its implications for Bitcoin

Next Post

Canadian infosec pros wish they’d spent more time on security when migrating to cloud: Survey

New Method to Monitor Wild Reindeer Populations Could Boost Conservation Efforts – Bioengineer.org

New Method to Monitor Wild Reindeer Populations Could Boost Conservation Efforts – Bioengineer.org

October 8, 2025
Scientists just proved the moai could walk, solving a 500-year mystery – ScienceDaily

Scientists Finally Reveal How the Moai Statues Could “Walk,” Solving a 500-Year Mystery

October 8, 2025
GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

GenoPalate Advances Its Science Again With Diet Snapshot – Yahoo Finance

October 8, 2025
Horses making the rounds at Florida hospitals – The Union Democrat

Horses Bringing Joy and Healing to Florida Hospitals

October 8, 2025
ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

October 8, 2025
Cancun’s Sports Bar & Grill opens second location in North Tallahassee – Tallahassee Democrat

Cancun’s Sports Bar & Grill Expands with Exciting New Location in North Tallahassee

October 8, 2025
Welcome Home: World Aquatics Breaks Ground on Future Headquarters in Budapest – World Aquatics

Welcome Home: World Aquatics Launches Exciting New Headquarters in Budapest

October 8, 2025
New Zealand Surprises With Larger Rate Cut as Economic Concerns Mount – Bloomberg.com

New Zealand Surprises Markets with Larger-Than-Expected Rate Cut Amid Rising Economic Concerns

October 8, 2025
Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

Offset Poised to Finalize Divorce from Cardi B for a Major Reason

October 8, 2025
Health Rounds: Genetics play a role in higher depression risk for women – Reuters

How Genetics Shape Depression Risk in Women: What Everyone Should Understand

October 8, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (858)
  • Economy (878)
  • Entertainment (21,751)
  • General (17,485)
  • Health (9,920)
  • Lifestyle (891)
  • News (22,149)
  • People (880)
  • Politics (889)
  • Science (16,089)
  • Sports (21,379)
  • Technology (15,859)
  • World (861)

Recent News

New Method to Monitor Wild Reindeer Populations Could Boost Conservation Efforts – Bioengineer.org

New Method to Monitor Wild Reindeer Populations Could Boost Conservation Efforts – Bioengineer.org

October 8, 2025
Scientists just proved the moai could walk, solving a 500-year mystery – ScienceDaily

Scientists Finally Reveal How the Moai Statues Could “Walk,” Solving a 500-Year Mystery

October 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version