Thoughts on: “Give People Money” by Annie Lowrey

The idea behind Universal Basic Income (UBI) is a simple one; Give People Cash! Enough to live on—maybe not well, but enough —every month, for a lifetime. No strings attached. Let people pay for rent, invest in a business idea or buy heroin. Doesn’t matter.

In one strike you would end poverty. This is interesting stuff!

📝 Some Arguments for a UBI:

– More women would afford leaving an abusive partner.

– Increase bargaining power for workers.

– Keep the masses afloat in a jobless future.

📝 Luddite fallacy: The idea that machines are going to eliminate work. It has been around for decades. And been proven wrong many times. Is it different this time?

📝 It has been proven again and again that giving people cash doesn’t have any impact on people’s propensity to work.

📝 “Cash is universally useful.” Charity programs can be counterproductive as it gives shoes to people who already have shoes and actually need something else. Foreign aid clothes can disrupt the local clothing markets etc..

📝 It’s going to be expensive.. but it’s not even close to impossible.

I loved to finally dig into this subject as the idea of UBI fascinates me to no end. Unfortunately there is not much data on I it will actually work. There are a lot of experiments going on throughout the world and only time will tell if it works.

The book is alright but the concept is great! A solid introduction to the subject.

Here are a few other books about UBI to choose from:

📖 Utopia For Realists 📖

📖 Inventing the Future 📖

3/5

Photo credit: @rewritethestory

Find other fascinating reads in my reading lists!

Favorite Books of the Year 2018: 21 Lessons for the 21 century

What Harari has done here is quite a feat. He has squeezed what could easily been a series of books into one volume, covering topics like:

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▪️The resurrection of nationalism.

▫️What to do in a post-jobs world.

▪️The opportunity cost of fighting terrorism.

▫️Why we need a deep understanding of suffering and how to attain it.

▪️What should we teach our kids in school to prepare the for the future?

▫️How to live in the age of biotech, algorithms and AI.

▪️Is religion still relevant?

▫️Do we need a whole new ideology to deal with the problems of the 21st century when liberalism just wont cut it anymore?

▪️Culturism vs. Rasism.

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The book is relevant, nuanced and sometimes frightening.

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How do I plan do dig deeper into the themes covered in this book in 2019?

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I will read ‘Future Presence’ early next year. It’s about human connection in a future of virtual reality.

Read the full list of favorites or check out previous lists right here!