If we assume the best in people, we can radically redesign our democracy and welfare states.
Rutger BregmanRead
A universal basic income would be the best way to give everyone the opportunity to do more unpaid but incredibly important work, such as caring for children and the elderly.
Interpretation
Universal basic income can empower people to engage in valuable unpaid work.
Rutger Bregman argues that implementing a universal basic income would enable individuals to pursue significant but often unpaid roles, such as caregiving. This would not only enhance societal well-being by allowing people to contribute in meaningful ways, but it would also recognize and validate the importance of work that is typically overlooked in traditional economic measures.
In practice
In a discussion about social welfare programs, one might quote this to advocate for universal basic income.
If we assume the best in people, we can radically redesign our democracy and welfare states.
Since long workdays lead to more errors, shorter workdays could reduce accidents. Overtime is deadly. Tired surgeons have been found to be more prone to slip'ups, and soldiers who get too little shuteye are more prone to miss targets.
My hope is that the corona crisis will help bring us into a new age of cooperation and solidarity and a realization that we're in this together.
This is what a crisis does: It makes you question the status quo. That doesn't mean that after a crisis we move into some kind of utopia. But it is an opportunity for political change.
While it won't solve all the world's ills - and ideas such as a rent cap and more social housing are necessary in places where housing is scarce - a basic income would work like venture capital for the people.
Believing in the good of humanity is a revolutionary act - it means that we don't need all those managers and CEO's, kings and generals. That we can trust people to govern themselves and make their own decisions.
Budget consolidation and economic growth are two sides of the same coin.
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Central planning didn't work for Stalin or Mao, and it won't work for an entrepreneur either.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.
The present tax codes inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.
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