The Problem with UBI

Length: (5 mins.) ... Date: (Mar 2019) ... Source: https://youtu.be/m25YLByFVRw

TALK | discourse

Douglas Rushkoff explains

Universal basic income (UBI is a band-aid solution that will not solve wealth inequality, says Rushkoff. Just funneling money to the 99% perpetuates their roles as consumers, pumping money straight back up to the 1% at the top of the pyramid.

Douglas Rushkoff suggests universal basic assets (UBA) instead, so that the people at the bottom of the pyramid can own some means of production and participate in the profits of mega-rich companies.

Peasants NZ has long advocateed a similar solution. We suggest that parceling out land as the primary asset being offered - in a structured way, and only to those who are willing to work on it themselves. We have called this Universal Basic Agriculture (UBA).

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