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GUARANTEED with Eve L. Ewing
Episode 1 - Guaranteed Income 101
Jul 13, 2023
Economist Damon Jones, philosopher Juliana Bidadanure, and former mayor Michael Tubbs discuss the socioeconomic impacts and freedom associated with guaranteed income. They analyze crime rates, unemployment, home ownership, and personal ambition, while challenging the stigma around poverty and work. The podcast also explores how guaranteed income improves financial situations, addresses emergencies, and positively impacts mental health. They emphasize the need for structural change and recognize universal basic humanity.
01:06:56
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Quick takeaways
- Guaranteed income ensures a minimum income level, establishing a floor beyond which income cannot fall.
- Critics argue that guaranteed income may disincentivize work, but evidence shows it can effectively reduce poverty rates.
Deep dives
Understanding Guaranteed Income
Guaranteed income refers to a system where individuals receive a regular cash payment, which is not means-tested and can be used at their discretion. It can be considered as a safety net that ensures a minimum income level for individuals and families. The concept of guaranteed income is often contrasted with universal basic income, which typically involves a universal payment to all individuals regardless of their income or circumstances. While universal basic income aims to provide for basic needs, guaranteed income focuses on establishing a floor beyond which income cannot fall. Critics argue that guaranteed income programs may disincentivize work, but proponents highlight its potential to improve economic security, allow individuals to make choices that lead to better well-being, and reduce poverty rates.
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