The Poverty Crisis and a Case for Universal Basic Income – Article by Brent Ellman in TAFFD’s Magazine
Editor’s Note: U.S. Transhumanist Party member and long-time USTP supporter Brent Ellman has published a piece in TAFFD’s Magazine on Universal Basic Income (UBI). Our friends at TAFFD’s (https://taffds.org/) were nice enough to give us permission to cross-post the article here in full format. Brent is an entrepreneur with a diverse background and currently serves as director of marketing at TAFFD’s. Originally from New York, he has lived in Colorado since 2008.
~ Dan Elton, Director of Scholarship, United States Transhumanist Party, December 27, 2020
Excerpt: In 1964, President Lyndon B. Johnson announced in his State of the Union Address that, “This administration, here and now, declares unconditional war on poverty in America.” How does one fight a war against poverty, though? What exactly does poverty even mean? As of 2019 in the United States, an individual who makes under $12,490 annually is considered to be living in poverty. A family of 3 earning under $21,330 also falls under the category of living in poverty.
In Denver, Colorado, 15.1% of the population lives below the poverty level, according to a recent Census Bureau ACS 5-year estimate. That estimate found that 101,000 out of 666,000 people are living below the poverty line. To put this further into perspective, as of July 2020, according to RentJungle.org, the average price to rent a one-bedroom apartment in Denver is $1468 per month. According to RentCafe only 5% of rentals listed in Denver are priced at less than $1000 per month. We’ve been waging America’s unconditional war on poverty for 56 years, and this is how far we’ve come.
How might poverty actually be solved in the United States? Read Brent Ellman’s full article here.
One thought on “The Poverty Crisis and a Case for Universal Basic Income – Article by Brent Ellman in TAFFD’s Magazine”
Excellent work, Brent! I find this topic to be absolutely intriguing, and I can’t wait to find out how we prevent The Economic Singularity from ruining life in America.