A few simple answers for common questions on basic income
Yet, the Federal Earned Income Tax Credit, which doles out cash in proportion to income and family size, is a bit more complicated. Billions go
of the EITC and states have had to recruit networks of nonprofits to help people figure out how to claim it.I should note that I'm a fan of the ETIC, and not necessarily a proponent of basic income, but it does have its advantages. Q: Why do we need basic income when the economy is doing so well? It doesn’t seem like automation is destroying jobs.columnist Paul Krugman, who criticized Yang for misrepresenting the data on automation and job loss. I think Krugman is right that the best evidence suggests thatHowever, the problem is that automation does seem to be causing unpredictability and; for instance, hyper-efficient scheduling algorithms mean that retail employees often find themselves working odd hours.
The future may have plenty of work and prosperity, but it won't have steady paychecks, work hours, careers, or communities. Basic income gives folks a measure of stability.that treating people like adults and allowing them to spend the money as they like often ends up being far more effective than a distant government agency trying to predict what tens of millions of people will need.
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