If We Can Afford Our Current Welfare System, We Can Afford Basic Income — Basic income — Medium


Basic income (BI) is getting a lot of press these days. From Switzerland’s upcoming referendum to give each citizen 2,500 francs per month, to GiveDirectly’s research upending the philanthropy world, to Finland’s plan for a 2017 BI pilot, more are warming to the idea that just giving people money may be the solution to poverty.

A basic income is an income unconditionally granted to all on an individual basis, without means test or work requirement.

Basic Income Earth NetworkMany dismiss basic income as unaffordable. The reality is that basic income is only a form of redistribution, independent of the amount to be redistributed. It is therefore equally affordable to any existing social safety net. Specifically, budgets for existing programs can fund BI via these revenue-neutral steps:

Source: If We Can Afford Our Current Welfare System, We Can Afford Basic Income — Basic income — Medium

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Author: Geo Gee

I'm a curious one that finds politics, social issues, and diverse progressive solutions interesting. I believe information and education are the most powerful weapons one can arm himself with. Those two dynamics alone open the doors to opportunities. I also subscribe to each one teach one for a better world for all.

1 thought on “If We Can Afford Our Current Welfare System, We Can Afford Basic Income — Basic income — Medium”

  1. Thanks for this blog post regarding basic income; I really enjoyed it and am definitely recommending this blog to my friends and family. I’m a 15 year old with a blog on finance and economics at shreysfinanceblog.com, and would really appreciate it if you could read and comment on some of my articles, and perhaps follow, reblog and share some of my posts on social media. Thanks again for this fantastic post.

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