Friday, May 18, 2018

UBI Transition Issues


 Transitioning to UBI could be as simple as transferring all welfare funding into the Social Security system along with the people administering welfare programs and providing social security benefits to all adults.  A reasonable monthly stipend could be determined, and the minimum Social Security taxes increased to cover the cost.  Employed people would pay a percentage over the minimum as now with no cap which would be placed in the trust fund for retirement benefits based on the 35 highest paid years earnings paid in addition to the UBI.

 The gig economy will ease the transition for all including the elderly who didn't earn enough to provide for non-essentials, and the UBI would eliminate most of the exploitation currently associated with gig work since gig work would truly be optional and employers would have to make working conditions and compensation good enough to clear the market needs.  

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