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IPFS News Link • Technocracy

Universal Basic Income Got A Standing Ovation At TED Talk

• technocracy.news By Chris Weller

Universal basic income — a system of wealth distribution that involves giving people a monthly wage just for being alive — just got a standing ovation at this year's TED conference.

Rutger Bregman, a Dutch historian and basic income advocate, gave a talk on the subject in which he explored a crucial question: Why do the poor make such poor decisions?

Poverty isn't a character flaw, Bregman explained. People in poverty tend to eat less healthfully, save less money, and do drugs more often because they don't have their basic needs met.

Bregman suggested that creating a system of basic income would be the quickest and easiest way to meet those needs.

"Poverty is not a lack of character. Poverty is a lack of cash," he said, before the TED crowd of 1,000-plus rose to its feet.

Bregman's standing ovation reflects the particular appeal that basic income is gaining among America's technologists.


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