16 Dec 2015

So what are the advantages of a Basic Income?

My students had to write a briefing (less than 700 words) on Basic Income (BI), i.e., an income of $X per month, as a means of replacing welfare, providing security and enhancing life.

I invite you to read some of the best briefings. Feel free to email the authors or comment here.Here, FYI, are my notes [pdf] on the assignment and "correct" answers, and here's a CATO post on BI with a link to a nice whitepaper by Michael Tanner (he's too quick to dismiss BI because he assume it has to come in at the poverty line).

Bottom Line: There are a lot of advantages to helping people help themselves. BI can work, especially if it starts off at a lower (tax-affordable) level.