It makes sense to me that the personal exemption from income tax is like a basic income guarantee, but sadly not universal because people so poor that they fall below it don’t get it in full. Completely income-less people (like the long-term unemployed) get none of it! How is that fair? It’s yet another part of our system that from so may angles gives to the haves and takes from the have-nots.
(Note: if the video linked above gets deleted, you may search the Internet for the title: “Economist Peter Martin on Universal Basic Income and Automation”)
Another point made: when too many jobs disappear, the idea of time being money will no longer hold true. (it still does now, though; so I appreciate donations to this site, sharing of links to what appears here, or contributed fitting posts, because my time and money are limited)
Ending Note: It takes me at least 100 hours a month to research and write for this site. If you find any value in what I do, please consider becoming a patron and supporting this site with an automatic monthly donation of $1 or more. If you can’t afford this, then don’t, but please share my posts, tell folks about my online course offering, refer others to this site, refer me to paying outlets, partake in discussion, or contribute essays of your own. Thanks. Only together can we change the world. 🙂