A universal basic income for all Guyanese

‘I am now convinced that the simplest solution to poverty is to abolish it directly by a new widely discussed measure: the guaranteed income.’ Martin Luther King, 1967.

In a paper Why we should all have a basic income published in January this year by the World Economic Forum, Scott Santens defined Universal Basic Income  (UBI) as being a ‘an amount sufficient to secure basic needs as a permanent earnings floor no one could fall beneath, and would replace many of today’s temporary benefits, which are given only in case of emergency, and/or only to those who successfully pass the applied qualification tests. UBI would be a promise of equal opportunity, not equal outcome, a new starting line set above the poverty line.’ The question his essay sought to answer is ‘How does this firm foundation of economic security and positive freedom affect your present and future decisions, from the work you choose to the relationships you maintain, to the risks you take?’….

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