1 / 6

Jay Sawyer from Chicago is Concerned about Whether People should have UBI

Jay Sawyer from Chicago is concerned whether all people should have Universal Basic Income or not. According to Sawyer, UBI is aimed at providing enough to cover the basic cost of living and provide financial security. It is the best way to offset job losses caused by technology. In addition, the payment could help stabilize the economy during recessionary periods. He also believes that free income could perpetuate the falling labor force participation rate.

thomsonsheri
Download Presentation

Jay Sawyer from Chicago is Concerned about Whether People should have UBI

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Jay Sawyer from Chicago is Concerned about Whether People should have UBI

  2. Jay Sawyer from Chicago is Concerned about all Americans Jay Sawyer from Chicago is concerned whether all people should have Universal Basic Income or not It is referred to as citizen’s income, guaranteed minimum income or basic income According to Sawyer, UBI is aimed at providing enough to cover the basic cost of living and provide financial security It is the best way to offset job losses caused by technology

  3. Pros of UBI that Exist for Countries who wish to Implement a Basic Income According to Sawyer, people would have the freedom to return to school or stay home to care for a relative Moreover, the citizens could have simple, straightforward financial assistance that minimizes bureaucracy In addition, the payment could help stabilize the economy during recessionary periods

  4. Sawyer Explains who would get the Income Jay Sawyer from Chicago explains that those who are legally disabled would have a choice between collecting SSDI and the $1,000, or collecting SSDI and SSI, whichever is more generous He even quotes that even some people who receive more than $1,000 a month in SSI would choose to take the Freedom Dividend because it has no preconditions Similar to the Universal Basic Income, a negative income tax guarantees a minimum income, which phases out as earnings increase

  5. Sawyer talks about the Cons of Universal Basic Income (UBI) According to Jay Sawyer from Chicago, there would be an increased standard of living in the long run because of inflated prices He believes that free income could perpetuate the falling labor force participation rate

  6. Thank YouJay Sawyer, Chicago

More Related