What Is Universal Basic Income?
Five features: periodic, cash, individual, universal and unconditional, with no income test and no duty to work.
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1.What is universal basic income in the video's definition?
Five features: periodic, cash, individual, universal and unconditional, with no income test and no duty to work.
2.Marge has a salary and Leo has no job. Under the definition, who gets the payment?
Universal and unconditional means both get it; a payment only to people without jobs is a different design.
3.Why is Friedman's 1962 negative income tax not unconditional?
Below an income threshold the tax office pays you, above it you pay tax; the payment depends on income.
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Sources (7)
- Basic Income Earth Network (BIEN): About basic income
- Kela (Finnish Social Insurance Institution): Finland's Basic Income Experiment 2017-2018 (Faltblatt, englisch)
- Finland.fi Toolbox: Finland's Basic Income Experiment 2017-2018
- Vivalt, E., Rhodes, E., Bartik, A., Broockman, D., Krause, P., Miller, S.: The Employment Effects of a Guaranteed Income, NBER Working Paper 32719 (July 2024)
- Jones, D., Marinescu, I.: The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund, NBER Working Paper 24312 (2018); AEJ: Economic Policy 2022
- Friedman, M.: Capitalism and Freedom (University of Chicago Press, 1962), Kap. XII "The Alleviation of Poverty"
- Eigene Rechnung: Gedachte Stadt
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