A Quote by Guy Standing
The primary value of a basic income would be its emancipatory effect.
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Instead of a universal basic income, we could have a basic income guarantee. Or, as economists prefer to call it, a negative income tax.
A primary justification for a basic income is social justice.
A universal basic income means not only that millions of people would receive unconditional cash payments, but also that millions of people would have to cough up thousands more in taxes to fund it. This will make basic income politically a harder sell.
If you had a basic income, it would mean that everybody would have a base on top of which their earned income would be taxed at the standard rate of tax. That would increase the incentive to take low-wage jobs.
A universal basic income funded by a value-added tax, which is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale, would spread the benefits of automation to a much wider group of people.
I think one of the most important facts of basic income would be that it's not only a redistribution of income, but also of power. So the cleaners and bin men would have a lot more bargaining power.
The government transfers income and wealth according to the rules of politics, which make politicians the primary beneficiaries of the system, and the poor and needy the primary victims.
It was basic research in the photoelectric field-in the photoelectric effect that would one day lead to solar panels. It was basic research in physics that would eventually produce the CAT scan. The calculations of today's GPS satellites are based on the equations that Einstein put to paper more than a century ago.
I don't see basic income as a panacea, but we must have a new income distribution system. The old one has broken down irretrievably.
The left's mission isn't simply to grant every citizen the basic means of survival, but comfort and prosperity, too, through collective means. Yet the existence of billionaires is irreconcilable with this emancipatory project.
I think it's terrible for people in effect to say that income from investment should be taxed at a much lower rate than income from labor.
I know that there are many excellent arguments for a universal form of basic income. Since everyone would get it, it would remove the stigma that dogs recipients of assistance and 'entitlements'.
There's no magic bullet to end poverty in the world. But if you could, the closest thing to it would be basic primary education.
The opportunities, income, schools facilities, the basic income support that the government provides or any of these things .. public transport arrangements we have.. all these are part of the way our lives and freedoms are effected.
The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.
I say this as a young dad seeing children going into primary school: I don't think we should underestimate the formative effect on a child of those first years in primary school.
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