Some Economic Implications Of A Privately Financed Guaranteed Wage

Author : Dr Harrison Sachs
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.6/5 (171 download)

DOWNLOAD NOW!

Download or read book Why A Universal Basic Income Will Never Become Mainstream, How A Universal Basic Income Would Profoundly Change The World, The Economic Implications Of A Universal Basic Income Being Enacted, And How To Finance Your Future Without Receiving A Basic Income written by Dr Harrison Sachs and published by . This book was released on 2020-02-23 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on why a universal basic income will never become mainstream and also elucidates how a universal basic income would profoundly change the world. Moreover, the economic implications of a universal basic income being enacted and how to finance your future without receiving a universal basic income are delineated in this essay. In spite of its touted merits, a universal basic income that could unconditionally be doled out to each person every month so that all individuals can attain some semblance of sustenance in their life is more of a pipe dream than a viability even though it is easily affordable by bureaucratic apparatuses and would not make a noticeable dent in their exorbitant budgets. An unconditional universal basic income can be thought of as a reverse tax or a negative income tax. Considering that productive individuals who work real private sector jobs are perpetually eviscerated out of their wealth, time, dignity, and happiness since their hard earned money is remitted to subsidize others' amenities, pensions, benefits, and incomes against their own volition, the chances of a guaranteed universal basic income being brought to fruition are essentially non-existent. Over 13,000 taxes have been imposed and offering a universal basic income would be contrary to how bureaucracies operate. In other words, people who work real private sector jobs and subsidize the amenities, pensions, benefits, and incomes of others at the cost of their own wealth, time, dignity, and happiness will never be a recover a penny that they have been eviscerated out of against their own volition. Even though enacting a universal basic income would allow people who work real private jobs to recover some of the money they have been eviscerated out of against their own volition, it has never come to pass in any country and unfortunately never will. People who work real private sector jobs are monetarily penalized for being productive since they are barred from reaping all the fruits of their strenuous labor. Bureaucratic apparatuses will never allow a guaranteed universal basic income to become mainstream since they will not unconditionally dole out money to productive private sector workforce participants. There are ample ways in which a universal basic income would profoundly change the world other than private sector work force participants regaining back a modicum of their wealth that they have been eviscerated out of against their own volition. First and foremost, a universal basic income would help alleviate poverty since people would have some money that they can earmark towards paying for basic human needs, such as food, water, utilities, and housing. By being able to afford food, water, utilities, and housing, this would not only exponentially increase the individual's standard of living, but would also allow them to have the luxury to pursue their entrepreneurial endeavors at least part time. This would culminate in productive individuals being able to earn more revenue in the long haul by having the luxury to create income generating asset through creating content and products for their brands rather than relinquishing their finite time for a fixed amount of fiat currency. The boom in entrepreneurial elicited from the advent of a universal basic income would further increase the standard of living with the arrival of more innovative products, services, and market competitors. This would also lead to lower product prices and higher industry standards being set forth so that brands can more easily win over customer from competitor brands. In the event the individual entrepreneur's branded content and products were unprofitable in the long haul then this would not be completely financially devastating since he would still have universal basic income to provide with some semblance of a safety net to cover some of the sustenance expenses, such as food and water.