Automatic Basic Income

Automatic Basic Income (ABI) will be a necessity for the survival of humanity and the planet. Some call this UBI, where the 'U' stands for either "Universal" or "Unconditional", depending on who you ask.

Organizations

• BasicIncome.org - Basic Income Earth Network | w:Basic Income Earth Network
  • Perustulo.org - BIEN Finland

• UBIE.org - Unconditional Basic Income Europe
  • BasicIncome.org.uk - Basic Income UK is a member of UBIE

Possible sources of money for ABI

• Our automation wealth in the w:free software stack, which causes falling costs for companies and societies and more services for less money
• Improved taxation e.g. the new model proposed by the w:OECD
• w:Helicopter money i.e. central bank stimulating economy by printing money and giving it to the reservoir to pay for ABI

Addressing the need for tax reform

• 'International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy' at OECD.org 2019-05-31
• 'OECD leading multilateral efforts to address tax challenges from digitalisation of the economy' at OECD.org 2019-10-09

ABI around the world

Sikkim, India

w:Sikkim is a state in India, which has successfully developed hydro power projects and subsequently produces almost 10x as much electricity than it consumes and they will roll out ABI in the early 2020s.