Basic Income is not free money. The price of Basic Income is building a society in which we recognize our obligation to provide for the needs of the least secure.
“A robot may be able to build an iPhone but it cannot buy one. A Basic Income Guarantee will eliminate poverty, lessen inequality, destroy bureaucracy, and empower the most vulnerable among us but perhaps even more important, it would solve capitalism’s most basic and growing problem, lack of demand.” Or put another way, the devices we create to produce can’t work – they can’t be paid to produce.
St Nicholas – whose secret gift giving inspired Santa Claus (Sinterklass from the original Saint Nikolaos) – in his most famous exploit, Nicholas aided a poor man who had three daughters, but could not afford a proper dowry for them. This meant that they would remain unmarried and probably, in absence of any other possible employment, would have to become prostitutes. Even if they did not, unmarried maidens in those days would have been assumed as being a prostitute. Hearing of the girls’ plight, Nicholas decided to help them, but being too modest to help the family in public (or to save them the humiliation of accepting charity), he went to the house under the cover of night and threw three purses (one for each daughter) filled with gold coins through the window opening into the house. https://en.wikipedia.org/wiki/Saint_Nicholas
An early example of a person recognizing that people when given money can resolve some problems for themselves.
“Do you want half of people to starve because they literally can’t add economic value, or not?” data scientist and entrenprener Jeremy Howard asked at Singularity University, the futurist think tank and incubator in Silicon Valley.
If the answer is not, he says, then the smartest way to distribute the wealth is by implementing a universal basic income — a system of wealth distribution based not on effort or skill level, but on the simple premise that everyone deserves the same amount to live comfortably. http://goo.gl/rUfYfv