Re:The first results from the biggest basic income experiment
by Ajay-p on Sunday December 03, 2023 @11:45AM
(#38508381)
I wouldn't call the permanent fund a UBI. It's proceeds from the sale of oil, whereas every other UBI requires some taxation, wealth transfer, or cuts in spending elsewhere.
Re:The first results from the biggest basic income experiment
by jnwatson on Sunday December 03, 2023 @12:28PM
(#38508827)
The permanent fund is proceeds from taxes on the sales of oil and other minerals. There's no difference here.
Re:The first results from the biggest basic income experiment
by X6S1x6Okd1st on Sunday December 03, 2023 @11:47AM
(#38508397)
Why would the source of revenue make it not UBI?
Re:The first results from the biggest basic income experiment
by Ajay-p on Sunday December 03, 2023 @11:53AM
(#38508463)
Because Alaska is unique, AFAIK the only state in America that sells something. Everything else is income redistribution. The money has to come from somewhere. It's a very fine line, I agree, but the permanent fund only exists because the state can generate that income from something other than increased taxes, redistribution, or reducing spending some place else.
Re:The first results from the biggest basic income experiment
by tharga8616 on Monday December 04, 2023 @09:08AM
(#38517370)
What if, instead of oil, the revenue came from solar energy? Or gains in automation, or land value taxes, or CO2 caps...
The point I think is that, it doesn't mind where it comes from, but debunks the main argument against, that "people don't work".
Exactly what qualifies for you may mean it does already exist on a large scale or doesn't.
Alaska's UBI program gave 1.3k this year, which I'm guessing many commenters here would say is too small to be a real UBI, but it is universal and has been going for almost 50 years