The Universal Basic Income

One item on the CNP platform, the Universal Basic Income, is sure to raise some eyebrows.

But it shouldn’t. UBI is not a new idea. It’s been around for a few generations and has garnered broad support spanning the political spectrum, from Friedrich Hayek and the Cato Institute to Martin Luther King Jr and the Brookings Institution.

Libertarians like it because it simplifies things by removing layers of government bureaucracy. Liberals like it because it will lift people out of poverty and keep them from falling through the cracks. The predictable criticisms that it will just create a society of lazy people who don’t try have been shown by experimental tests to not be true.

And one area right and left both agree on is that it will offset the human cost of increased automation in the near future.

There is a pretty good chance we end up with a universal basic income, or something like that, due to automation…I am not sure what else one would do. I think that is what would happen.
-Elon Musk

Whichever side of the political aisle you hail from, it looks like an idea that finally deserves serious consideration, as Finland, the Netherlands, and Canada are doing now.

The Conservative Case for a Guaranteed Basic Income
What If We Just Gave Poor People a Basic Income for Life?
A Universal Basic Income: Conservative, Progressive, and Libertarian Perspectives