We often hear that the America’s top 10 percent now average more than nine times as much income as the bottom 90 percent, but what actually is creating the conditions that allow this to happen?
The so called 9 to 5 jobs are overtaking the world, while people with free time are creating structures that generates more wealth for them and therefore, more free time to repeat the process over and over again.
The negative part of the above fact is the 9 to 5 jobs, which are the reason that most people live below the poverty line. these people are usually stressed out and in dependence.
Poor people tend to use the healthcare system far more than everybody else, that fact, combined with the expensive and inefficient welfare systems are contributing even increase the wealth gap and inequality.
But what can we do? how can we draw a bottom economic floor, a “safety layer” for all people unconditionally, so everybody can have the same opportunities and always be able to have another shot in case something goes wrong?
It’s called Universal Basic Income (UBI) and it’s here to save the situation, improve our economy, and establish a new deal that will provide all Americans true individual freedom and equal opportunity.
With a universal basic income (UBI) in place, the state will be more efficient and have less influence over everything, including the market, because the people will now have the minimum consuming power to decide what are their basic needs, not the state anymore.
If we add the rise of automation to our list, with the recent cashier-free Amazon and Walmart stores, autonomous vehicles, robot workers etc. Universal Basic Income becomes more than necessary.
The good news is that Universal Basic Income (UBI) is getting attention, there’s actually a big wave of UBI supporters worldwide, including someone running for President in 2020.
Andrew Yang, an American entrepreneur, the Founder of Venture for America, and a 2020 Democratic presidential candidate make Universal Basic Income (UBI) a reality for Americans.