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'''Universal basic income''' ('''UBI''') is a policy that guarantees a regular income to all citizens. Discussion about UBI has expanded in recent years due to the threat that [[automation]] poses to the capitalist wage system. | '''Universal basic income''' ('''UBI''') is a policy that guarantees a regular income to all citizens. Discussion about UBI has expanded in recent years due to the threat that [[automation]] poses to the [[Capitalism|capitalist]] [[wage]] system. Some proposals would give a set amount of [[money]] to everyone below a certain income, and others would give varying amounts based on how poor they are.<ref name=":0">{{Web citation|author=[[Prabhat Patnaik]]|newspaper=[[Peoples Democracy]]|title=The Problem with “Universal Basic Income”|date=2023-08-06|url=https://peoplesdemocracy.in/2023/0806_pd/problem-%E2%80%9Cuniversal-basic-income%E2%80%9D|retrieved=2023-08-08}}</ref> | ||
== Criticism == | |||
=== From the left === | |||
The [[bourgeoisie]] has promoted UBI in order to prevent a [[Proletarian revolution|socialist revolution]] and redistribution of economic power into the hands of a [[Dictatorship of the proletariat|proletarian state]].<ref>{{News citation|author=[[Chris Hedges]]|newspaper=[[TruthDig]]|title=The Oligarchs’ ‘Guaranteed Basic Income’ Scam|date=2018-04-01|url=https://www.truthdig.com/articles/the-oligarchs-guaranteed-basic-income-scam/}}</ref> Instead of creating laws guaranteeing access to education, food, housing, and health care, the [[Dictatorship of the bourgeoisie|bourgeois state]] would give workers money to buy it.<ref name=":0" /> | |||
=== From the right === | |||
Right-wing economists claim that UBI would discourage [[Proletariat|workers]] from working harder, which falsely assumes that harder work corresponds to higher pay. The most difficult jobs are actually paid the least under the current system.<ref name=":0" /> | |||
== See also == | == See also == | ||
* [[Utopianism]] | * [[Utopianism]] | ||
* [[Social democracy | * [[Social democracy]] | ||
* [[Labor aristocracy | * [[Labor aristocracy]] | ||
== References == | == References == | ||
<references /> | <references /> | ||
[[Category:Stubs]] | [[Category:Stubs]] | ||
[[Category:Social democracy]] | |||
Latest revision as of 15:59, 8 August 2023
 | This article is a stub. You can help improve this article by editing it. |
Universal basic income (UBI) is a policy that guarantees a regular income to all citizens. Discussion about UBI has expanded in recent years due to the threat that automation poses to the capitalist wage system. Some proposals would give a set amount of money to everyone below a certain income, and others would give varying amounts based on how poor they are.[1]
Criticism
From the left
The bourgeoisie has promoted UBI in order to prevent a socialist revolution and redistribution of economic power into the hands of a proletarian state.[2] Instead of creating laws guaranteeing access to education, food, housing, and health care, the bourgeois state would give workers money to buy it.[1]
From the right
Right-wing economists claim that UBI would discourage workers from working harder, which falsely assumes that harder work corresponds to higher pay. The most difficult jobs are actually paid the least under the current system.[1]
See also
References
- ↑ 1.0 1.1 1.2 Prabhat Patnaik (2023-08-06). "The Problem with “Universal Basic Income”" Peoples Democracy. Retrieved 2023-08-08.
- ↑ Chris Hedges (2018-04-01). "The Oligarchs’ ‘Guaranteed Basic Income’ Scam" TruthDig.