Guaranteed Basic Income

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

7 earlier thoughts


Swiss to vote on 2,500 franc basic income for every adult

Another example of basic income -- this one not, I think, very likely to have good results overall.

For one thing, it should be suspect because it is purely the result of a popular referendum; the only thing needed to get it on the ballot was to collect 100,000 signatures from the populace. So the amount of the "basic" income was probably picked very arbitrarily based on popular appeal, rather than sound economic analysis.

For another, the amount is too high. As Tyler Cowen of Marginal Revolution notes:

With that, a married couple could piece together more than 67k and simply not work, so this sum appears infeasible.