the staff of the Ridgewood blog
Newark NJ, Newark Mayor Ras Baraka says the city is going to study a pilot program to provide a universal basic income, or basically guaranteeing income for all residents whether they have a job.The Newark mayor made his comments during his annual State of the City address Tuesday night at the New Jersey Performing Arts Center.Newark has launched a taskforce to see if the program is feasible with help from the Economic SecurityProject and the Jain Institute.
In an effort to appeal to millennial voters Baraka said , “We believe in Universal Basic Income, especially in a time where studies have shown that families that have a crisis of just $400 in a month may experience a setback that may be difficult even impossible to recover from,”
While He noted that a third of the city still lives in poverty no details on the plan, like how it would be funded or when a final decision would be made.
Universal basic income or UBI has been tried and failed several time and is the latest chic economic trend looking to placate work ethic challenged millennial’s , and looking to justify inactivity . UBI sounds so much better than welfare . The problem for UBI arises on two fronts ,first it does not address the real issue which is lack of productive skills and lack of life skills.
The second main issue is the more obvious , it discourages work and independence , incentives work hand outs don’t , its expensive , increase in government reach and increase in the size of the welfare state put more people under the thumb of government control ie captive votes.
To date there has not been a successful long-term Universal Basic Income program. A small basic-income program that was tested in Finland was ended after one year , but like most socialistic programs failure seem to encourage replication.