Tag Archives: universal basic income

Universal Basic Income and COVID-19

If we already had Universal Basic Income (UBI) in place, COVID-19 would have had way lessĀ  economic effect on people, especially poor people, especially renters and students and workers in the gig economy. If everyone had a certain amount of money every month no matter what, we’d all be able to pay our rent and get some groceries during quarantine / isolation / lockdown / social distancing.

Just give every single person in the country, regardless of income or employment status, a certain set amount. The rich would end up paying it back in the their taxes, but at lower income levels, people would have disposable income (thus stimulating the economy, because disposable income and spending are what do that, NOT jobs—jobs are just a means to the money). The costs of this would be balanced out by the fact that we wouldn’t need any more welfare system, no Employment Income Assistance for people on disability or out of work, All those systems would be dismantled: no more welfare fraud lines, no more meetings to prove you’ve applied for a certain number of jobs, no more rent on huge office buildings to house these systems, , etc. And if that doesn’t save enough money yet for UBI, then tax the rich, tax the corporations, and tax the churches. Tax them at the same rates as individuals. It is fucking ridiculous that huge corporations get tax breaks while people on disability can’t make ends meet.