“A Basic Income is a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement. (1) Periodic - It is paid at regular intervals (for example every month), not as a once-off grant. ,(2) Cash Payment – It is paid in an appropriate medium of exchange, allowing those who receive it to decide what they spend it on, (3) Individual – It is paid on an individual basis, and not (for example) to households, (4) Universal – It is paid to all without a means test, (5) It is paid without a requirement to work or to demonstrate a willingness to work” https://basicincome.org/about-basic-income/. There are a variety of pilot projects going on which make different simplifying assumptions to turn Basic Income into a reality. I like the idea of Community Wealth Funds. Building Communities with strong financial foundations, through voluntary short-term commitment to transfers from those with the capacity to fund the project, and the long-term building of Capital to make the idea sustainable. With sufficient time, we can build Engines to fund basic incomes for all.
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