Universal Basic Income Explained – Free Money for Everybody? aka Robot Tax or UBI

 

What is UBI (Universal Basic Income), also called the “Robot Tax”.

 

 

Here are my thoughts on UBI.

Like most ideas, there are pros and cons, good and bad.

In regards to the “Robot Tax” example, where people are concerned about the robots taking over all the jobs, and people will no longer have jobs, I think that is incorrect. I think people will always have “things to do” (jobs) or things that need to be done (tasks).

Jobs are for employees and created by employers and business owners. The robots only make the jobs easier, and not really eliminate people from the picture. Technology only increases production.

So let’s say the robotic industrial age did eliminate the need for people to do the repetitive or dangerous jobs that are more efficiently done by robots. I don’t think these people would just sit around watching Netflix, eating Doritos. I think people have an inherent desire to create. They would do something. If you give them something to do and it is productive and creative they will do it. Even the beggars on the street, create their own cardboard signs, right?

Since the “Robot Tax” (UBI) is being paid by the Self-Employed and Business Owners by taxing them, they are still compensating the people of the community through the UBI.

What if we made it easy for people to start and operate their own income streams or their own businesses? What if these businesses grew and created more wealth, and then of course paid their share of the UBI (Robot Tax)?

I understand the “self-employment” is not for everybody, but I think if the ability to earn money from referring products and services to others (Affiliate Marketing) was made to be easier and more common place, then people would take it on and refer products and services to their friends, family and social networks. Heck, many are already doing that. They just don’t have their referrals connected to a system that pays them commissions for their referrals.

I can help with that. www.21steps49bucks.com

 

As always, if you have any questions or need clarification on any of the programs that I offer for financial freedom, please feel open to contacting me.

Event-fully Yours,

BRAD “MagicBrad” GUDIM
www.MagicBrad.com