How Would Basic Income Work in Practice?

In today's episode, it's exciting to host one of the brain's behind Universal Basic Income; professor and author Guy Standing who is a founding member of Basic Income Earth Network.  Guy Standing has been working on the concept of Basic Income, a new political system for wealth distribution, for over 30 years. During the last years the concept of Basic Income has gained rapid traction and interest across the globe and he is one of the few to have been able to test his ideas in real. The Basic Income pilots have turned out with positive results.  Nowadays, even tech billionaires such as Elon Musk and the co-founder of Facebook Chris Hughes support Basic Income.  Would Basic Income work in practice? Would people work? Could we afford it? Could we not afford it?  In today's episode, professor Guy Standing provide some in-depth insights to the theory, the arguments for it and why it would be financially viable. In today's episode you'll learn: What Basic Income is  How it would work in practice  The financial arguments behind it  The results from Basic Income pilots in India What underlying societal changes has prompted a need for a new political system  What "the precariat" is - the rise of a new working class  In his opinion, why we cannot afford not to implement Basic Income  _______________ About Guy Standing Guy Standing is Professorial Research Associate, SOAS University of London. An economist with a Ph.D. from the University of Cambridge, he is a Fellow of the British Academy of Social Sciences, and the Royal Society of Arts, co-founder and honorary co-president of the Basic Income Earth Network (BIEN), and member of the Progressive Economy Forum. He is the author of multiple books, including The Precariat: The New Dangerous Class, published in 23 languages and The Corruption of Capitalism; Basic Income: And how we can make it happen.