India considers the adoption of Universal Basic Income | Arlindo L. Oliveira in “Digital Minds”

arlindo oliveiraA recent article published in The Economist reports that India is considering the adoption of a Universal Basic Income (UBI) scheme to replace a myriad of existing welfare systems.

Unlike the discussions that are taking place in other countries, this discussion about Universal Basic Income is not motivated by advances in technology and the fear of massive unemployment. The main aim of such a measure would be to replace many existing welfare mechanisms that are expensive, ineffective, and misused.

The scheme would provide every single citizen with a guaranteed basic income of 9 dollars a month ( hardly a vast sum ) and would cost between 6 and 7% of GDP. The 950 existing welfare schemes cost about 5% of GDP. Such a large scale experiment would, at least, contribute to make clear the advantages and disadvantages of UBI as a way to make sure every human being has a minimum wage, independent of any other considerations or the existence of jobs.

Photo by Amal Mongia, available at Multimedia Commons.

Photo by Amal Mongia, available at Multimedia Commons.

https://digitalminds2016.wordpress.com/2017/02/05/india-considers-the-adoption-of-universal-basic-income/

Deixe uma Resposta

Preencha os seus detalhes abaixo ou clique num ícone para iniciar sessão:

Logótipo da WordPress.com

Está a comentar usando a sua conta WordPress.com Terminar Sessão / Alterar )

Imagem do Twitter

Está a comentar usando a sua conta Twitter Terminar Sessão / Alterar )

Facebook photo

Está a comentar usando a sua conta Facebook Terminar Sessão / Alterar )

Google+ photo

Está a comentar usando a sua conta Google+ Terminar Sessão / Alterar )

Connecting to %s