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My own private basic income

One person’s experience becoming a business owner shows how our economy is based on luck rather than merit and how it rewards people who own stuff rather than people who do stuff.

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fedee P/Flickr. CC (by-nc-nd)

I have a private basic income – a small, regular cash income without means test or work requirement. It’s probably large enough to meet my basic needs. And I got it thanks to privilege, nepotism, and two big lucky breaks.

My first big lucky break happened in 2009 when Georgetown University hired me as a philosophy professor on their campus in Qatar. Georgetown-Qatar, which is funded entirely by the Qatar government, has to pay an enormous premium to get faculty to agree to live and work in Qatar. I get paid three times as much as my wife. I teach half as many classes. She’s a full professor. I’m only an associate.