Jordan Silva
Economic Freedom
Dr. Eubanks
Blog 4
San
Francisco Will Pay Artists $1,000 a Month in Universal Basic Income
The
idea of Universal Basic Income (UBI) has become increasingly more popular. This
article talks about how San Francisco is trying out the UBI for local artists.
Some positive aspects to the UBI are, the money can be spent on anything, there
are no requirements to report income changes like other current programs, and
during a pandemic it would help keep the economy rolling. However, UBI has some
negative aspects as well. Since San Francisco’s proposed UBI is only benefiting
local artists it obviously fails at being universal. Another issue with their
UBI is how will the government officials decide if a person is an artist or not.
San Francisco needs make the UBI beneficial to more people.
UBI
is a great idea, and if implemented correctly would benefit every individual
without putting constraints on how they must live their life in order to
receive benefits. For the proponents who say it gives people a disincentive to
work I find it to be the opposite. According to The World Economic Forum, “conditional
welfare assistance creates a disincentive to work through removal of benefits
in response to paid work. If accepting any amount of paid work will leave
someone on welfare barely better off, or even worse off, what’s the point? With
basic income, all income from paid work (after taxes) is earned as additional
income so that everyone is always better off in terms of total income through
any amount of employment – whether full time, part time or gig. Thus, basic
income does not introduce a disincentive to work. It removes the existing
disincentive to work that conditional welfare creates.” (Scott Santens). The
current programs such as welfare are just another way for the government to
stifle creativity by pushing others around or else the benefits will be taken
away. Letting people spend the money on whatever they want, gives them a
freedom they otherwise would be without if on welfare or other programs. Having
the security of knowing you have a certain amount of income no matter what
would change people lives for the better.
A
perfect example of UBI and its benefits can be found in Alaska. “Since 1982,
the state has given each citizen an annual check just for being alive,
effectively wiping out extreme poverty. The money — which can range from around
$2,000 per person when oil prices are high to $1,000 in cheaper gas years —
comes from the Alaska Permanent Fund, a state-owned investment fund financed by
oil revenues.” (Segal Samuel).
Works
Cited
1. Santens,
Scott. "Why we should all have a basic income." weforum.org,
15 Jan. 2017, www.weforum.org/agenda/2017/01/why-we-should-all-have-a-basic-income/.
2. Samuel,
Sigal. "Everywhere basic income has been tried, in one map." vox.com,
20 Oct. 2020,
www.vox.com/future-perfect/2020/2/19/21112570/universal-basic-income-ubi-map.