Pros and Cons of Universal Basic Income

Universal Basic Income (UBI) is a concept that proposes to provide every individual with a regular and unconditional cash payment regardless of their income, employment status, or wealth. UBI has been gaining momentum in recent years, with advocates claiming that it could help eradicate poverty, reduce income inequality, and provide financial security to people. However, there are also concerns that UBI could be economically unsustainable and discourage people from working, leading to increased dependency on the state.

One of the primary advantages of UBI is that it could significantly reduce poverty and inequality. By providing a guaranteed minimum income, people who are struggling to make ends meet would have more financial stability, enabling them to meet their basic needs such as food, shelter, and healthcare. UBI could also reduce the stigma associated with traditional welfare programs, which often have complex eligibility criteria and come with social stigmatization. This includes a transfer of wealth to care takers who are currently uncompensated for their labor.

Another advantage of UBI is that it could stimulate entrepreneurship and innovation. With a guaranteed income, people would have the financial security to take risks and pursue their passions without fear of financial ruin. This could lead to a surge in small businesses and startups, leading to increased economic growth and job creation.

However, there are also several concerns with UBI. One of the main criticisms is that it would be economically unsustainable. The cost of providing a universal basic income to every individual would be enormous, and it is unclear where the funding would come from. This could lead to increased taxes, inflation, or government debt, which could have negative consequences for the economy.

Another concern is that UBI could discourage people from working, leading to increased dependency on the state. If people receive a guaranteed income regardless of their employment status, some may choose not to work, leading to decreased productivity and economic growth. Furthermore, UBI could lead to a reduction in social welfare programs, which could negatively impact vulnerable groups such as the elderly, disabled, and those with low incomes.

In conclusion, UBI has both pros and cons, and its implementation would require careful consideration and planning. While it could provide financial stability to those in need, stimulate entrepreneurship and innovation, and reduce poverty and inequality, it could also be economically unsustainable and discourage people from working. As such, any decision to implement UBI should be based on a comprehensive analysis of its potential benefits and drawbacks, as well as its economic and social impact in our future world.

Continue Reading

Overpopulation: Myth or Possibility?

Ever since the Black Death in the 14th century, caused by the Bubonic plague, the growth in human population has been on a constant rise. And within the last century, these numbers have risen exponentially. Indeed, in 1927 the population on earth was estimated to be 2 billion. Less than 90 years later in 2016, we have a population of 7.4 billion and it’s continuing to grow.

There are several contributing factors that have led to this population explosion. The most significant being attributed to declining death rates. Thanks to modern medicine and technology, we’ve been able to overcome problems of widespread hunger and poverty. Fertility treatments and better medical facilities have led otherwise fatal diseases and defects to be recoverable. And today, we reap the benefits and comfort that these advances have provided us.

The question remains: Should we be concerned about overpopulation? Within the scientific community there is diverse opinion on both when and what amount the population will peak at before stabilization or decline. Scientific studies have ranges of time as early as 2050 to 2300 and beyond. Estimates for the peak of population hover between the 9-12 billion range. (1, 2)

However, many of these scientific studies don’t take into consideration the potential scientific breakthroughs that may occur over the next two centuries. What if, for instance, it becomes normal to live to be 150 or even 200 years old? Considering the existence of super-centenarians, we should remain open and optimistic to the idea of increased human longevity. This would push the figures well beyond what many of these studies conclude.

Likewise, it is also possible that science could revolutionize the resources we need to survive and flourish. We have a limitless supply of energy in the sun and it’s only a matter of time before we begin to harvest this energy efficiently. In addition, the continuous evolution of technology like 3d printers may have enormous effects in the way we manage our resources. These kinds of innovations could nearly negate overpopulation as a problem altogether.

Of course we should remain skeptical of such ideas. Regardless, it’ll be interesting to see how our population growth plays out over the next several decades and whether this growth becomes a major problem. If it does become a problem, what are the philosophical consequences? Will we need to enable policies that discourage people from having children? Would that be ethical?

The consequences of overpopulation are definitely reminiscent of those in dystopian fiction in many ways. And while this may be new territory for humans, overpopulation is nothing new for many animal species. When it does occurs to a species, it isn’t pretty. Nature has it’s own way of restoring order. One of two things tends to happen under these circumstances:

  1. There becomes an increase in their predators which naturally reduces the species.
  2. There becomes massive conflict over the remaining resources and there’s a major population crash.

Number one is common among several animals including snowshoe hares, deer and lemmings. If predators are not increased to keep the population low, number two becomes the inevitable result. Starvation and thirst becomes common, and eventually violent competition between their own species arises. However, some animals have learned to refrain from mating under such conditions thanks to their evolutionary pheromones. (1) Thus preventing conflict.

So how does this apply to us? Humans are apex predators, meaning we reside at the top of the food chain in which no other creatures prey. Therefore we would skip number one and go straight to number two. If humans weren’t to refrain from reproduction, we may escalate far beyond the violent skirmishes present in many animal species.

It’s important to note that many of these violent outcomes are only possible if we let overpopulation get out of hand in the first place. Nevertheless, overpopulation may still present problems including mass unemployment and a reduced quality of life for most people.

Whether or not overpopulation comes to fruition is yet to be seen, but the conversation needs to begin sooner rather than later. Someday, we may have to rethink our moral intuitions. For better or for worse.

Continue Reading