Jay Sawyer from Chicago is Concerned about Whether People should have UBI

Jay Sawyer from Chicago is Concerned about Whether People should have UBI

Jay Sawyer from Chicago is Concerned about all Americans • Jay Sawyer from Chicago is concerned whether all people should have Universal Basic Income or not • It is referred to as citizen’s income, guaranteed minimum income or basic income • According to Sawyer, UBI is aimed at providing enough to cover the basic cost of living and provide financial security • It is the best way to offset job losses caused by technology

Pros of UBI that Exist for Countries who wish to Implement a Basic Income

• According to Sawyer, people would have the freedom to return to school or stay home to care for a relative • Moreover, the citizens could have simple, straightforward financial assistance that minimizes bureaucracy • In addition, the payment could help stabilize the economy during recessionary periods

Sawyer Explains who would get the Income • Jay Sawyer from Chicago explains that those who are legally disabled would have a choice between collecting SSDI and the $1,000, or collecting SSDI and SSI, whichever is more generous • He even quotes that even some people who receive more than $1,000 a month in SSI would choose to take the Freedom Dividend because it has no preconditions • Similar to the Universal Basic Income, a negative income tax guarantees a minimum income, which phases out as earnings increase

Sawyer talks about the Cons of Universal Basic Income (UBI)

• According to Jay Sawyer from Chicago, there would be an increased standard of living in the long run because of inflated prices • He believes that free income could perpetuate the falling labor force participation rate

Thank You Jay Sawyer, Chicago