Universal Basic Income In Favor Of Our Well-Being

universal basic income

I was first introduced to Universal basic income from a book by James Carroll called Utopia Now. Here, basic income refers to a government’s subsidiary program where citizens are given a certain amount of money periodically, with no strings attached. In other words, people are free to do whatever they want with this money, and they don’t have to pay it back.

Does Universal Basic Income Work?

Whenever I speak about basic income, most people would tell me this idea won’t work. Will the economy collapse? Will the poor people spend this money on drugs? Is it not sustainable? Carroll addresses all these questions with precise scientific data of numerous case studies, which point towards the fact that this idea works. 

The only reason why this idea never stuck is that it was stopped prematurely for whatever reason. There was never a good reason to stop either. People just got weirder out by the idea of giving free money to people. And yet, we could live in a world where everyone receives this basic income. Indeed, it would be a better world, and the economy would be better off because of it, too. 

Basic income, image of medicine

Corona Virus, Basic Income, and Happiness

The idea of basic income was specially picked up during the coronavirus epidemic, whereas numerous countries give free money to individuals and companies to keep the economy going. Surprisingly, it didn’t lead to a total collapse of the economy, and everything is still going afloat. As such, coronavirus became one of the most significant social experiments ever of basic income distribution globally, helping individuals and societies work. 

Of course, giving money to people, especially those who need it, improve people’s well-being and, therefore, happiness. In other words, by providing a basic income to people, we are preventing a lot of dissatisfaction, which respectfully positively affects everything else.

Basic income, coins, and bills on a plate with fork and spoon

Private Universal Basic Income Idea

Yet, here is an idea not previously considered by the primary income model. What if instead of governments giving basic income to people, people would do it to each other, especially people who can afford it? No longer do we need to wait for some higher power to make this happy, but we can help make this world better ourselves. Indeed, I want to do it as soon as my happiness business becomes stable. 

Indeed, we don’t need to have that much money either. We just need enough money to cover our basic needs and have a little more security, but after that, we can start helping other people. As such, we don’t need to become millionaires to begin helping others. We can start doing it today and help to make this world a better place. 

Roman Russo

Roman Russo

Roman Russo is the visionary founder, senior happiness coach, and Chief Happiness Officer of Optimal Happiness. He has written the revolutionary Optimal Happiness: The Fastest and Surest Way to Reach Your Happiest Potential, a must-read book about achieving our happiest potential. After researching this field for over eight years, Roman is confident that anyone can become happy and invites us to undertake this transformation. Are you ready to start living the life you always meant to live?

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“The problem is that of optimization,” states Roman Russo, author of Optimal Happiness: The Fastest & Surest Way To Reach Your Happiest Potential. Most people will tell you how to be less unhappy or more happy, but no one is speaking about how to be the happiest we can be. And this is the difference that makes all the difference. By not looking at our happiest potential, we fall short of achieving it. After all, we all have hundreds of ideas on how to be happier or less sad, but most people still feel like they are not living their best lives. As such, Optimal Happiness explores the question of how to be the happiest we can be, regardless of who we are, where we are from, and what our life circumstances are. It proposes a complete formula for happiness and explains how to optimize the formula so we can be happy today and forever, breaking down what it really takes to become one of the happiest people alive (spoiler: it isn’t what most people think it is).

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