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The Gateway Chronicle 2020

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Mathematics and Economics<br />

69<br />

<strong>The</strong> history of Universal<br />

Basic Income<br />

T<br />

he idea that the State should provide<br />

some level of basic income to<br />

its citizens, unconditionally, to everyone,<br />

is one that has enjoyed a recent resurgence.<br />

It is a solution to, amongst other<br />

issues, the forecasted future wave of automation<br />

that could lead to mass unemployment<br />

across the world. Universal Basic Income<br />

(UBI) has been slowly gathering mo<br />

mentum and is increasingly a central topic<br />

of debate in think-tanks, universities and<br />

best-seller lists. While the Labour party<br />

has announced that it is considering making<br />

UBI a frontline policy, an American<br />

entrepreneur Andrew Yang progressed<br />

into the final ten nominees for the <strong>2020</strong><br />

Democrat presidential candidate with his<br />

main agenda being to implement UBI, or<br />

as his marketing team have re-branded it<br />

‘<strong>The</strong> Freedom Dividend’. From the outside,<br />

it seems like an overtly modern idea<br />

to this modern problem. Further to that,<br />

some of its key proponents are Silicon Valley<br />

moguls such as Mark Zuckerberg and<br />

Elon Musk. Strangely, supporters of UBI<br />

are not confined to one end of the political<br />

or economic spectrum, including Dr Martin<br />

Luther King Jr and Milton Friedman.<br />

However, one of the most surprising aspects<br />

of the idea is that is over 500 years<br />

old and has<br />

been constantly<br />

added<br />

to and developed<br />

by numerous<br />

influential<br />

thinkers.<br />

“supporters of UBI are not<br />

confined to one end of the<br />

political spectrum”<br />

To say that Sir Thomas More (1478-1535),<br />

adviser to Henry VIII, was an advocate, or<br />

even creator of Universal Basic Income<br />

would be<br />

somewhat<br />

anachronistic,<br />

but it is<br />

fair to say<br />

that he was<br />

first prominent<br />

proposer<br />

of<br />

the notion<br />

of basic income<br />

to all.<br />

In his book<br />

Utopia,<br />

More envisaged<br />

a<br />

society in<br />

which everyone<br />

had<br />

a guaranteed<br />

income.<br />

<strong>The</strong> problem which More was addressing<br />

was the desperation with which the poor<br />

would steal and the failure of punishments<br />

such as hangings to prevent this.<br />

More wrote, ‘Instead of inflicting these<br />

horrible punishments, it would be far<br />

more to the point to provide everyone<br />

with some means of livelihood.’ This was<br />

one part of the wider paradigm shift that<br />

the care of the poor was to no<br />

longer be exclusively managed by<br />

Andrew Yang recently supported UBI in his bid to<br />

become US President<br />

the Church. A similar idea and rationale<br />

was picked up on by<br />

More’s friend, the Spanish philosopher<br />

Juan Luis Vives (1493-<br />

1540), who is widely regarded as<br />

the first person to draw up actual<br />

plans for some basic income scheme.<br />

Vives was also concerned with the<br />

amount of hunger-related crime and<br />

thought basic income to be a solution too.

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