What Is Universal
Basic Income*?

*UBI means giving everyone a regular, equal, cash payment, regardless of social standing, wealth, or income.

Defining Characteristics

Periodic
It is a recurrent payment (for
example every week) rather than
a one-off grant
Cash
It is paid in (digital) cash, allowing
recipients to convert their benefits into
whatever they may like
Universal
It is paid to all, and not targeted to a
specific population
Individual
It is paid on an individual basis
(vs. household)
Unconditional
It involves no work requirement or
sanctions; it is accessible to those in
work and out of work, voluntarily or not

Today’s Economic Reality Challenges Us To
Think Differently About The Future

Massive structural shifts in our world require us to re-think wealth distribution,
employment and economic policy as we look to the future.

Income Inequality Continues To Increase

94%
The world’s richest 20% owns 94% of the world’s wealth
162
The 162 richest people on the planet boast the same wealth as the poorest 50 percent - 3.85 billion people
$5.50
Half the global population earns less than $5.50 a day

A Rise In Technological Unemployment

59%
59% of all industries will see job losses due to automation
800M
By 2030, 800M people will have their jobs replaced by automation
1/5
1/5th of the world's workforce will be forced to purse new jobs eliminated due to automation

GoodDollar Enables Sustainable, Scalable UBI

Our focus is on enabling an experimental framework for generating,
distributing and financing UBI on a global scale that is:

Sustainable
Align behavioral and market incentives to make it compelling to support the cause
Decentralized
Global in scope, and governed by its members in essence
Open System
Anyone, from anywhere in the world can join as a supporter or a claimer of G$
By Anthony Quintano from Honolulu, HI, United States, licensed under CC BY 2.0
“We should explore ideas like universal basic income to make sure that everyone has a cushion to try new ideas”
Mark Zuckerberg,
Founder of Facebook
"We must develop a program that will drive the nation to guaranteed annual income"
Martin Luther King JR
By Gage Skidmore, licensed under CC BY-SA 2.0
“Universal Basic Income: helping us pay our bills in this tough time”
Andrew Yang,
Andrew Yang, former Democratic presidential candidate and creator of the 'Freedom Divided'
Joe Mabel
“Andrew Yang forced a national debate on UBI and GDP as a measure of economic health. Those are big ideas we need to keep discussing and it was a major contribution.”
Naomi Klein
“Basic income is going to be all the more important. If a lot more wealth is created by AI, the least that the country should be able to do is that a lot of that wealth that is created by AI goes back into making sure that everybody has a safety net”
Richard Branson,
Entrepreneur
"We all deserve a basic
income as a foundation
to the on which to build
a life of dignity"
Yoriko Yasukawa,
United Nations Veteran
By Media Evolution, licensed under CC BY-SA 2.0
"We need to start talking about universal basic income a few years ago."
Alexis Ohanian,
co-founder of Reddit
"This is one of my main reasons for supporting a Universal Basic Income. Social security is used to stigmatize & control recipients, & it's both counter productive & nasty."
Dr. Cristy Clark,
Legal Thinker & Writer
Collison Conference
"Universal Basic Income
is how we get technology
to work for all of us"
Scott Santens,
writer and basic income
advocate

The Latest From GoodDollar

Why GoodDollar’s UBI Wallet Demo Is A Game-Changer — And What’s In It For You
Why GoodDollar’s UBI Wallet Demo Is A Game-Changer — And What’s In It For YouGoodDollar just released a test version of
By GoodDollar Team, May 5th, 2020
READ BLOG
100 Days Of Coronavirus And 10 Advancements In Universal Basic Income
April 8 marked 100 days since China reported the new contagion of COVID-19 to the World Health Organization.
By GoodDollar Team, Apr 10th, 2020
READ BLOG
How Blockchain Technology Advances Universal Basic Income on a Global Scale
Exactly 12 months ago, in April 2019, GoodDollar reached an important landmark by becoming the first blockchain-powered project
By GoodDollar Team, Apr 9th, 2020
READ BLOG
Single Bailout Is Woefully Insufficient To Weather Coronavirus Pandemic Economic Storm — Time For…
During this unprecedented time of extreme global trauma, in a world masked and locked down because of coronavirus,
By GoodDollar Team, Apr 7th, 2020
READ BLOG
The Latest From GoodDollar