Guaranteed Basic Income

8 thoughts
last posted Jan. 7, 2014, 4:41 p.m.

5 earlier thoughts


Obviously the big assumption underlying the inflation fear is that too many people will quit work and decide to live on the basic income.

The equally obvious answer is to ensure that the basic income is just that, basic; thus the incentive for improvement is always there.

By today's standards, for example, I doubt many middle-class people would opt to slash their lifestyles in order to make it on $20k per year and not have to work.

2 later thoughts