Universal Basic Income

Healthcare coverage is a contentious issue for the United States and affects everyone, those with low income and individuals with higher income. The common complaint among individuals is the cost of care. The US is notorious for having a higher cost for medical care than other developed countries. Up to this point finding, suitable plans have been fruitless therefore it’s time to explore other options. Universal health coverage is indeed to beneficial to the country. According to Herzlinger, Richman & Boxer (2017), The main reason for a delay in the implementation of affordable universal coverage is that of the high costs to treat individuals with a pre-existing condition since they are accounting for a significant portion of health care spending

In the article, “The Case For Free Money: Why Don’t We Have Universal Basic Income,” James Surowiecki presents the benefits of a universal basic income and why it is appealing to workers and politicians. After an experiment, known as “Mincome,” implanted universal basic income in Dauphin during the 1970s, evidence clearly shows that the Canadian town received remarkable advantages, such as lowered dropout rates and hospitalization rates. The idea of universal basic income is not new, however, it is regaining popularity. Contrary to popular belief, some from both the Democratic and Republican parties support assured basic income, Surowiecki claims. The current push for universal basic income is emboldened by the rising concern of advancing

So, in my vision of the UBI, any American citizen over the age of 21 and living below the poverty line would receive $13,000 tax-free deposited annually in his or her bank account. $3,000 of it could only be used for healthcare, and the other $10,000 is at their discretion. People who are employed will be able to benefit from this until their income collectively reaches $35,000. After that, the UBI would be taken away, as they have reached a sustainable salary. People who are unemployed would also receive $13,000; however, they would only benefit from this for 6 months so that they don't become solely dependent on the UBI, and lose motivation to seek employment. There would be exceptions for people who are unable to work. Essentially, a UBI will benefit those people in dire need of help, and will, in fact, motivate more people to join the workforce, further lowering the unemployment rate. It is time to take these invisible Americans out of the

Today, the state of our nation’s economic security is at stake; the gap between the the lower/middle class and the upper class grows wider every year, and the effects are devastating. There is, however, a proposed solution. The Basic Income Guarantee (BIG) bill offers a pragmatic fix to the poverty that plagues America’s lower class, but the current proposition has some flaws. First, lets discuss the contentions that make up the original bill.

Everyone is entitled to get the universal health coverage insurance. According to World Health Organization constitution (1948), all individuals have the right to health care. However, when it comes to UHI, the government will consider the most vulnerable persons without imposing any restrictions. These are people living below the poverty levels and can barely afford treatment costs. Equity in the healthcare program will be paramount and the country will track the records of health care access based on different factors such as sex, income level, residence, immigration status, and age.

Change within the healthcare industry is occurring at an exponential rate. Although change is not new to healthcare, the underlying reasons for change are diverse compared to other industries. Consumer perception that healthcare is a right has inspired regulatory changes that affect both access and quality of care, adding to the already escalating costs. The entry of investor-owned companies into the acute-care markets in the late 1960s has created a challenging and changing healthcare environment, which threatens the survival of those unable to adjust to the trends of the industry (Johnson, 2009).

Over the past 30 years, income inequality has been growing markedly as the gap between different social classes. Income inequality interests me the most as it is a future-related issue that anyone can be subject to. Briefly speaking, when incomes are distributed unequally for the same working hours/type of job depending on gender, race, disability, fortune, or age. As the gap is forming between the rich and anyone else, the middle class slowly started to fade. One of the many disadvantages that this issue carries is its effect in giving birth to discrimination between different social groups. This can also lead to decreasing employment chances depending on certain shallow details. The United Nations can address this issue by establishing a

Additional strict guidelines will require a background check in order to ensure that the individual has no outstanding warrants. Like welfare, it is important that we supervise that government funds are going towards individuals who are really in need of assistance while remaining productive in order to not longer require governmental assistance. Another strict guideline would be that individuals requesting for a Universal Basic Income must be registered voters in an effort to help boost voter turnout. Individuals requesting for a Universal Basic Income will also need to show proof of unemployment that will lead to a drastic search or adaptation. For example, skilled workers with a specific skill set will have a more difficult time looking for jobs.

As a child, I always wondered what kind of job I would have when I grow up. I have never been fearful about not being able to get a job from lack of job availability, but in my generation this seems like more of a problem than ever before. James Surowiecki addresses this issue in the “The Case For Free Money.” In the article, published in The New Yorker, he explains that Universal Basic Income would be a positive change that allows people to have more job freedom and it has already been tested by many all over the world. U.B.I. would not only help people below the poverty line but also, find jobs that meet more needs like investing in education and more job control.

As far back as man has been on earth, he has been driven towards building a community among his peers. Whether that is a community of hunters and gatherers who share whatever the day has brought to them within their tribe, or a larger community which within its structure lie the inner dwellings of division of labor and societal classes. Adam Smith (18th Century), John Stuart Mill (19th Century), and Karl Marx (19th Century) are of the same cloth, but in modern terms their community is referenced as a government, and they each have their own distinct opinions on the 'drive' instilled within human nature that shape their personal economic theories. I will be dissecting the views of each of these economists, in regards to the role of

The debate over implementing an unconditional basic income (UBI) in Canada is one currently being discussed and which splits political parties’ support. This paper will make the case that a guaranteed annual income would be beneficial for Canadian citizens, encouraging freedom of opportunity for every person, regardless of their financial status. In addition, it will look at how different ideological affiliations affect one’s opinion on the subject. The concept has been tried previously in Canada, namely in Dauphin, Manitoba in the late 1970s as an experiment aimed to observe the economic response of a negative income tax (Simpson, Mason, and Godwin 2017, 85). Recently, the announcement that Ontario will introduce a similar pilot

There are growing problems in today’s welfare programs.Welfare is a policy where government programs are used to help a society’s poor or disabled population gain physical confidence and reenter the workforce. Some of these programs include the Affordable Care Act, the Supplemental Nutrition Assistance Program (SNAP), and Social Security Disability Insurance. According to the Affordable Care Act website, The Affordable Care Act, also known as ObamaCare, is a plan to help those who are less fortunate by providing “affordable health insurance” (“ObamaCare”). The Supplemental Nutrition Assistance Program, or food stamps, allows people to properly feed their family by supplying them “monthly nutrition assistance” (“Supplemental”). And lastly, the Social Security Disability Insurance gives “assistance to people with disabilities by giving them monetary benefits, housing, and temporary work leave” (“Social”). These programs are nowhere near new to the United States and they all sound like a good ideas, but each plan has faced complications that impact society and the workforce. Some of these complications include too many people being on the programs,

According to Van der Veen and Van Parijs, Basic Income is the alternative of socialism, the core principles of communism could be structured inside Capitalism through Basic Income institutions. Governments are to give everyone with an income, what are the criteria for a fundamental need of Basic Income Food, clothing, shelter, and health care education? To fulfill people basic needs.

Emile Durkeim, describes how societies begin in simple forms of interaction and are held together by solidarity and likenesses. These homogenous societies he called “mechanical” with the growth of societies, together with technical and economic advances, make the inter-relationships more complicated and diverse. Members of society become more inter-dependent (“organic societies”), but viewed these changes as being natural and unavoidable, leading to greater happiness for individuals because they were released to enjoy goods produced by others and become a healthier society (a).

Regardless of any reviewed ideology, this paper discusses two of which have been so controversial; Communism and Capitalism. In political and social, communism is a social, political, and economic ideology and movement whose ultimate goal is the establishment of the communist, which is a socioeconomic order structured upon the common ownership of the means of production and the absence of social classes, money, and the state. However, Capitalism is defined as an economic system based on private ownership of the means of production, and their operation for profit. Capitalism centralized characteristics include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.