Where’s All That Money Coming From (Universal Basic Income Part 4)

We’ve been spending the last couple weeks diving deep into the details on Universal Basic Income.

We’ve explored the different visions for it, looked into the research showing that it works, and addressed a whole string of questions and concerns that people have raised about it.

The biggest question about Universal Basic Income, however, is: How will we pay for it? That’s what we’ll tackle today.

As I researched and drafted this article, it grew to be quite long. A quick Twitter poll suggested that you all would rather read such a lengthy discussion in two parts.

To that end, today will cover the background of funding a UBI, how much it will cost, and what spending we could cut to help pay for it. Thursday will get into the details on what taxes could be raised and where else new revenue could be found. Continue reading “Where’s All That Money Coming From (Universal Basic Income Part 4)”

Answering UBI Questions and Concerns (Universal Basic Income Part 3)

Last week we started our deep dive into Universal Basic Income.

First we learned what UBI actually is and what the different visions for it entail. Then we dove into the research to learn that giving people money works.

Today we’re going to tackle a whole range of other questions and concerns that people have about UBI.

(Today’s post is going to reference information we learned in the last two posts, so if you feel like you’re missing something, feel free to double back and catch up!) Continue reading “Answering UBI Questions and Concerns (Universal Basic Income Part 3)”

Giving People Money Works (Universal Basic Income Part 2)

On Tuesday we started a deep dive on Universal Basic Income by looking at what the concept actually entails.

We explored the different problems that people believe UBI can solve and the different visions that groups of supporters have. We explored Universal Basic Income as a replacement for the safety net, as a cure for poverty, and as a protection against job loss.

But all of this is based on one major premise: Universal Basic Income works.

The question we need to tackle next, then, is whether this is true. Would Universal Basic Income work? Is giving people cash the best approach to ending poverty?

Adopting a UBI is a huge undertaking, both economically and politically. Before we jump in, we should make sure there is evidence to support it.

That’s what we’re exploring today. Continue reading “Giving People Money Works (Universal Basic Income Part 2)”

Just Give Everyone Money

We’re spending the month of October around these parts diving into politics and policy and how they affect our lives.

One policy idea that I’ve found intriguing in recent years is the Universal Basic Income. It’s a concept that has been laughed off as utopian in many circles but has gotten more and more traction among policy wonks lately.

I decided that an article on UBI would be an interesting and thought-provoking piece for the personal finance community. As I was doing my research, however, I came across a major problem.

A thorough look at UBI would require far more information than I could reasonably put into one article.

And so this article today will start a mini-series exploring the ins and outs of Universal Basic Income. Today we’ll cover the basics and the competing visions for UBI. The next few articles will dive deeper into the pros and cons, addressing concerns, and figuring out how to pay for it.

I’ve gone back and forth over the years with whether I support the idea. Over the next few articles I intend to give you all the pros and cons so that you can come to your own decision.

Whichever side you fall on, however, it’s time we start taking the idea of a Universal Basic Income seriously. Continue reading “Just Give Everyone Money”

Bridging the Gap in the Privilege Conversation

When I first decided that I was going to spend a month exploring politics for this year of learning to live a better life, I knew I had to write about privilege.

The concept of privilege is a hot button issue both in the country writ large and the personal finance community specifically. Add in an adjective (white privilege, for example) and you’ve got a recipe for a fiery comment section, some Twitter blocking, and a thousand think pieces.

There’s a lot of passion around the idea of privilege and I wanted to cut through all that and try to develop a nuanced understanding and help others do the same. Continue reading “Bridging the Gap in the Privilege Conversation”

Loan Forgiveness (or Why Dave Ramsey Doesn’t Know What He’s Talking About)

“Oh! You’re the student loan tweet guy!”

This is a response that I heard a lot while introducing myself to people recently at FinCon, a conference for money writers and podcasters. It’s a strange thing to be known for after spending two and a half years writing about finances without ever really touching on the topic.

That said, the tweet led to a lot of interesting conversations, both in person and on Twitter, about student loans. In particular, a lot of people were very interested in the Public Service Loan Forgiveness program in which I am participating.

Some people objected to the program on financial grounds, but many raised political or policy issues.

Because of this, I thought that the Public Service Loan Forgiveness program would be a topic worth exploring during our month of politics. Continue reading “Loan Forgiveness (or Why Dave Ramsey Doesn’t Know What He’s Talking About)”

Why We Need to Talk About Politics

We’re spending 2018 around here learning how to live a better life.

Each month, we’re diving into a different theme to learn as much as we can about how to improve ourselves in that area and use what we learn to live a happier, wealthier, and more productive life.

So far, we have focused mainly on happiness and finances, with a side of health and productivity.

This month I want to go into an area that most people view as entirely separate from self-improvement: politics.

Before diving into anything specific, though, I think I should first explain why politics and policy matters, why we should talk about it more, and how it impacts our lives. Continue reading “Why We Need to Talk About Politics”

Better Life – Third Quarter Update

2018 is a year of self-improvement.

I’m spending each month exploring a different area of life and figuring out how best to improve and optimize.

As of the last quarterly update we had covered life planning, personal finance basics, time management, the science of happiness, money and happiness, and health.

Since then, we’ve added philosophy and happiness, investing and the economy, and relationships.

Let’s check in for the third quarter update. Continue reading “Better Life – Third Quarter Update”