Isn’t a Universal Basic Income just another name for a negative income tax, such as Tax = -$10,000 + .3*Income? If so, isn’t a Universal Basic Income means-tested by definition?
I was initially excited to see that progressive Dean Baker has written a piece on “Eight Market-Oriented Proposals That Reduce Income Inequality” for AEI. It begins promisingly by criticizing overly strict occupational licensing for high-skilled workers. But it then studiously avoids the really big wins. Namely: 1. Immigration. High-skilled immigration reduces conventionally measured inequality by […]
There’s a very good chance that Finland will become the first country to implement a nationwide Universal Basic Income (UBI). The country’s Social Insurance Institution (Kela) is studying proposals to replace most of its existing welfare state programs with a simple cash grant – 800 euros for every Finnish citizen, regardless of whether they work, […]