RE: UNIVERSAL BASIC INCOME - could it be facilitated by blockchain? you bet it could ! *The Rise of the Blogdollar*
@outerground. on a smaller/different scale the state of Alaska has already implemented a yearly payout from oil revenues. i think last year it was $4,000-5,000 thousand dollars for every resident(man, woman and child) so a family of 4 would receive a check from the state for $16,000-20,000 thousand dollars. not a bad start to a UBI(universal basic income) though i think these payouts are considered Dividends from oil revenue. i don't care what you call it, a good start by the state of Alaska on UBI. i'm no expert and have just given a sort of outline, i hope, about a possible way to get a UBI off the ground. doesn't the federal government charge an excise tax on every gallon of gas sold in the country? seems like that could be a good start somehow, alaska has figured out a way to make it work. maybe , also use the excise taxes on other commodities as well?(electricity, i think, probably others as well?) anyway just some thoughts, i like your blog. upvoted/following.
Thanks Alvinfang (good name).. Yeah I think the Alaskans deserve that money as they might not have anywhere to live soon if climate change continues! it seems a bit like a sweetener in respect of environmental pollution, but is it a good example of how revenues which produce massive wealth with a small workforce can be encouraged to share.. I mean the average Alaskan probably spends a good proportion of that money on diesel anyway and I think in their case it's directly linked to the industry which dominates the area. let's hope BlockChain will have a part to play in a Universal system of Income.. Will the beaches be overcrowded? I don't think anymore than they are now.. I'd still be here. perhaps writing more music, poetry and taking more photographs ( like I don't already when I'm not being paid to do it ! following back