Empowering Freedom and Upholding Dignity

Fundamental security is essential as it safeguards the liberty and dignity of all individuals. A basic income serves to ensure this level of autonomy.

Governments don't need revenues to spend, as their spending injects new money into the economy. Taxes remove money from circulation and redistribute wealth, while government-issued bonds influence economic activity and bank lending, with bonds also serving as a means to withdraw money from the economy.

Money, Taxes, and Bonds: Shaping the Economy

Money

Taxes

Bonds

Governments face different constraints than households and firms.

• Unlike households and firms, governments do not need revenues (taxes or borrowings) to spend.

• When a government spends, it injects new money into the economy.

• Government spending is limited by the productive capacity of the economy.

• Excessive government spending can lead to inflation.

Taxes remove money from circulation, they are not needed by governments to spend.

• Taxes create demand for money.

• People hold money to fulfill their tax obligations.

• Governments remove money from the economy through taxation.

• Governments use taxes to redistribute financial wealth.

Governments issue bonds to influence economic activity, not to borrow.

• The newly injected money becomes the deposit of the recipient providing goods and services to the government.

• Money also serves as the reserve of the recipient’s bank.

• Banks use these reserves to purchase government bonds for higher returns.

• The yield of government bonds affects banks’ lending and, consequently, economic activity.

• Governments can remove money from the economy by selling their bonds to households and firms.

Basic income adoption

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New Economic Paradigm

Economies need to establish an economic system that would sustain the inflow of artificial intelligence (AI) and robots, which may displace people from jobs.

AI and robots are here to produce

Governments are encouraged to implement basic income to satisfy basic needs for all, irrespective of their ability to compete with AI and robots in the labor market.

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Dignified life and stable prices

The amount of basic income should ensure a dignified life for all, but must be constrained by the need to maintain stable inflation.

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Basic Income Target

The growth of basic income should target the expected inflation rate plus the expected non-inflationary premium.

Economies are going to adapt

The capacity and structure of the economy are expected to adapt to the demand driven by basic income.

State money BI projects

BIEN

The Basic Income Earth Network (BIEN) is an organization that advocates for a periodic cash payment to be unconditionally delivered to all individuals, without a means-test or work requirement. BIEN organizes congresses, shares news, opinions, and research related to Basic Income from around the world. For instance, they have covered topics such as the politics of Basic Income in South Africa, social protection for sustainable blue food systems, and the potential of a Unified Basic Income as a solution for Israel and Palestine. They also report on the progress of Basic Income implementations in various countries, such as a universal cash payment plan in Taiwan.

These projects aim to promote understanding and discussion around basic income as a solution to modern societal challenges, combining comprehensive analysis with pragmatic policy implementation.

UBIE

Unconditional Basic Income Europe (UBIE) is an international network that connects activists and initiatives from 25 countries. The organization advocates for the implementation of Basic Income in Europe and its recognition as a Universal Human Right. UBIE is involved in various campaigns and actions to promote the concept of Basic Income and to engage with members and the public on this issue. They also provide a platform for new members to get involved and contribute to the cause.

Humanity Forward

Humanity Forward advocates for universal basic income (UBI) and other human-centered policies to address income inequality and promote economic growth. Through public education, policy advocacy, research and analysis, and pilot programs, the organization has made a significant impact in raising awareness and understanding of UBI, despite challenges such as political resistance, funding concerns, and demonstrating long-term benefits. Humanity Forward has laid a solid foundation for exploring UBI as a potential solution to social and economic issues and continues to work towards its widespread adoption.

UBI Guide

The UBI Guide is a comprehensive resource that delves into the concept of universal basic income, providing an in-depth analysis of its historical context, potential benefits, and common criticisms. This guide meticulously compiles academic research, real-world experiments, and engaging anecdotes to create a compelling argument for UBI. By addressing both proponents and detractors with empirical evidence and reasoned discussion, the UBI Guide offers an objective and balanced perspective on this topic, making it an invaluable tool for policymakers, researchers, and individuals interested in understanding the potential of universal basic income to address various societal challenges.