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Ameer Approved

Sep 24, 2019

Technology created and is now destroying the middle class. Floyd Marinescu - CEO Activist for Universal Basic Income talks about how UBI is a way to make winner takes all economics act in service to humanity by paying a dividend in the form of a UBI.

UBI is also known simply as basic income. According to the advocacy group Basic Income Earth Network (BIEN), the essential principle behind basic income is the idea that all citizens are entitled to a livable income, whether or not they contribute to the production and despite the particular circumstances into which they are born

BIEN lists the following five defining characteristics of basic income:

Periodic: Distributed in regular payments, Cash payment: Distributed as funds rather than, for example, vouchers for goods or services.
Individual: Each citizen (or adult citizen) receives the payment, rather than each household.
Universal: All citizens receive the payment.
Unconditional: Recipients are not required to demonstrate need or willingness to work.

Guest: Floyd Marinescu

Floyd Marinescu is CEO and co-founder of C4Media which provides software development news and learning events serving 1.2M online on, and 8000 attendees annually via QCon conferences in SF, NY, London, Beijing, Shanghai, and Sao Paulo. Floyd is an angel investor in over a dozen startups and has built teams and businesses in the US, Canada, China, Brazil, Europe. Floyd is also a CEO activist for universal basic income.

Floyd is the founder of UBI Works whose mission is to shift the conversation about basic income to recognize it as an economic need and economic opportunity, with the goal of seeing UBI implemented in Canada.

120 Canadian CEOs Say UBI is Urgent

In Oct 2018 we organized the launch of the Canadian CEOs for Basic Income with a letter signed by over 120 Canadian CEOs with combined corporate incomes of over $2.3B CAD. The letter lays the economic arguments for basic income and asked Doug Ford to not cancel the Ontario Pilot. The founders and CEOs who understand the issues overwhelmingly support a basic income in Canada

Economic analysis of child benefit bolsters the case for national basic income

Canada has a national-scale unconditional basic income in place for people with children, it is called the Canada Child Benefit. It’s good for families and it is good for the economy. This new paper released Sept 19 by the Canadian Center for Economic Analysis shows us how it works.


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