Article 6
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Blockchain Industry Review
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he concept of UBI or Universal Basic income has been around since the 1800s but has gained more popularity in recent years. 2020 Democratic hopeful presidential candidate Andrew Yang made it a part of his political campaign, many Nordic states are actively discussing the idea and increasingly it is seen as part of a raft of solutions aiming at reducing and eliminating widespread income inequality. Having access to UBI meets most resistance with main two arguments. The first is that people will cease to work if they have a basic income. The second is that the UBI will be funded out of national tax. Both arguments can be emotive and divisive. Of course, the UBI proposed so far has not been of the get rich variety and unlikely to tempt the majority of people to cease employment. It is more likely to assist people needing financial support to care for loved ones or pursue passion projects with low financial return. Conversely, there has been a dearth of
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ideas on how to painlessly, or without impeople in their pockets, a situmost likely to rate blowback society.
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GoodDollar, from eToro, comes to the table with a plan to manage both arguments. For starters, it considers UBI should be available to anyone regardless of age, sex, race, employment status and creed – removing the potential them and us scenario. GoodDollar’s appearance is timely as during the lockdowns, UBIs have been essentially implemented in part in many parts of the world (through helicopter money to citizens) and some 20 counties are now actively evaluating this as a policy decision.
HEAD OF STRATEGY, GOODDOLLAR.ORG
