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What's Good About Guaranteed Basic Income
Thom plus logo  If conservatives really want to do away with "wasteful" and "overly bureaucratic" social services in the U.S. - services like Medicaid, Social Security and foodstamps - there's an easy alternative.

It's simple. It encourages personal responsibility. And it will do away with our current mess of programs that make up our social safety net. All we have to do is guarantee every person a universal, and unconditional, minimum income.

It sounds unusual. It sounds like we'd just be paying people not to work. And why would anyone choose to work if they're receiving FREE money already?

That's the knee-jerk response - but it doesn't hold up in real-world experiments.

A paper published in 2013 looked at two groups in Uganda: one group that received a no-strings attached grant equal to their annual income - about 380 dollars per person - and a control group that received no grant. And what did the unemployed youth do when they were "paid not to work"?

The group that received the grant worked on average an extra 17 hours in comparison to the control group. And they showed a 41% increase in earnings four years after receiving the grant. They invested in skills and businesses. Individuals were 65% more likely to practice a skilled trade two years after receiving the grants.

And researchers have seen similar results from other experiments with unconditional income. In Kenya incomes increased by 33% and assets increased by 58% just one year after people received an unconditional $513 grant.

Those researchers also found that the grant reduced hunger and that the recipients were better off in terms of psychological well-being. Which just makes sense. A guaranteed income lets households make a real budget and frees people from focusing only on where their next meal will come from.

Those are numbers that show that a guaranteed minimum income promotes economic productivity and real growth from the base of the market. But those are just examples in the developing world. What about evidence from the world's developed countries?

Read more here.

-Thom
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Hour One: Greece votes no to austerity!
Article: "Greece's eurozone future in doubt after decisive No victory" by Kerin Hope and Henry Foy and Stefan Wagstyl.
Article: "Goldman Sachs faces scrutiny over Greek debt swap" by Elena Moya, 18 February 2010.
Article: "The Great American Bubble Machine" by Matt Taibbi.
Article: "North American Free Trade Agreement" (NAFTA) by Wikipedia.
Article: "General Agreement on Tariffs and Trade" (GATT) by Wikipedia.
Case: "Buckley v. Valeo", 1976.
Article: "Message to Congress on the Concentration of Economic Power" by Franklin D. Roosevelt, April 29, 1938 .
Law: "Sherman Antitrust Act", 1890.
Article: "Enjoying the Low Life?" by Nicholas Kristof .
Article: "Trump deletes personal attack on Bush" by Jane C. Timm.
Article: "World Press Freedom Index 2015: decline on all fronts" by Reporters Without Borders.
Speech: "Madison Square Garden Speech", President Franklin D. Roosevelt, October 31, 1936. "They are unanimous in their hate for me-and I welcome their hatred"

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Article: "Ted Cruz: 'I salute Donald Trump'" by Colin Campbell.
 
Letter: "to Edgar Newton Eisenhower, November 8, 1954" by Dwight Eisenhower. "Their number is negligible and they are stupid."
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Article: "Sanders backs Greek voters" by Hanna Trudo.
Article: "When Greece Forgave Germany's Debt" by Pan Pylas and David Mchugh.
Article: "Treaty of Versailles" by Wikipedia (28 June 1919, at the end of World War I).
Article: "" by Matthew Campbell, Alex Webb.
Article: "The tea party radio network" by Kenneth P. Vogel and Mackenzie Weinger.
 
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Article: "Probe of S.C. killings widens" by John Monk.
Article: "Greece Says 'NO' To European Bailout" by William McDonald.
Site: Governor Free Don Siegelman.
Article: "TRNS News Notes- 7/6" by Victoria Jones.

Article: "Social Democracy Is 100% American" by Harvey J. Kaye.
Book: "Agrarian Justice" by Thomas Paine.
Book: "Rights of Man" by Thomas Paine.
 
Article: "Jubilee (biblical)" by Wikipedia.
Article: "14th Amendment, July 9, 1868 (citizenship, representatives, public debt)
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