Money for Nothing?
What if governments paid all citizens a universal basic income?
What if governments paid all their citizens a basic income? Whether rich or poor, you would receive the same amount of money, and you would keep it whether you went out to work and received a salary or not. It is an idea that has been around for centuries, but one that has been gaining traction in recent times as welfare payments become ever more complex and expensive to administer. Proponents also argue that it would remove the 'poverty trap' where people are dissuaded from seeking work because they would lose their benefits if they did so. There is also the issue of machines taking over many of the jobs that we all do to earn a living - not just basic manual tasks, but increasingly 'intelligent' work that will in the future be carried out by robots. Join Owen Bennett Jones and his panel of expert guests as they discuss the future of work and how we pay for it. Should we give free money to everyone and let robots take the strain?
Photo: One hundred dollar notes. Credit: Getty Images)