A Quote by Ro Khanna

Expanding the EITC can get us close to a universal basic minimum income. — © Ro Khanna
Expanding the EITC can get us close to a universal basic minimum income.
Instead of a universal basic income, we could have a basic income guarantee. Or, as economists prefer to call it, a negative income tax.
A universal basic income means not only that millions of people would receive unconditional cash payments, but also that millions of people would have to cough up thousands more in taxes to fund it. This will make basic income politically a harder sell.
Universal basic income is not a solution in search of a problem - it is the obvious solution that has been in front of us for years. It only requires us to have the vision, empathy and courage to adopt it for the American people before it is too late.
The benefits of a universal basic income overall are huge.
Some people have proposed universal basic income, UBI, basically making sure that everybody gets a certain amount of money to live off of. I think that's a wonderful idea. The problem is, we haven't been able to guarantee universal healthcare in this country.
I'm a capitalist, and I believe that universal basic income is necessary for capitalism to continue.
I know that there are many excellent arguments for a universal form of basic income. Since everyone would get it, it would remove the stigma that dogs recipients of assistance and 'entitlements'.
The average family earning minimum wage spends 141 percent of their income struggling to meet basic needs - food, shelter, clothing.
A universal basic income doesn't give people dignity or protect them from boredom and vice.
A universal cash transfer in the form of a minimum guaranteed income would mean that automatically everyone has something to fall back on without having to deal with the vagaries of their local panchayat.
Especially for the young and the lowest-skilled, minimum wage becomes a toll that prevents many from entering the work force and gaining the skills that can make a low income or middle class worker a high income worker. This is so obvious that one wonders why liberals keep championing the minimum wage cause.
Our hopes of avoiding the fate which threatens must...[be to make]adjustments that will be needed if we are to recover and surpass our former standards...and only if every one of us is ready to individually obey the necessities of readjustment shall we be able to get through a difficult period as free men who can choose their own way of life. Let a uniform minimum be secured to everybody by all means; but let us admit at the same time that with this assurance of a basic minimum all claims for a privileged security for particular classes must lapse.
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.
The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.
The minimum wage in Denmark is about twice that of the United States, and people who are totally out of the labor market or unable to care for themselves have a basic income guarantee of about $100 per day.
We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find the meaningful. We should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas.
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