The Case for a Universal Basic Income
by Matt Bruenig
In America today, around two-thirds of the national income is paid out to workers in the form of labor compensation: wages, salaries, tips and benefits. The remaining one-third is paid out to capitalists in the form of passive income: dividends, interest, rents and capital gains. The capitalists do not work for their share of the national income. They simply own things and, by virtue of that ownership, passively extract income.