Monday, November 05, 2018


A Universal Basic Income is the opposite of a Handout. The 'No Strings' removal of who deserves the foundation, and who doesn't, removes the categorising of dependents. The guarantee provides a permanence that is independent of a relationship between the person giving and the person receiving. Viewed as a dividend, it gives everybody an ownership stake in society. It reinforces, and provides a moral foundation, for property rights. The Basic nature of the payment means all normal incentives remain. There isn't the huge marginal tax that normal applies to handouts - 'if you need it, you get it, if you get money elsewhere, you don't'. It isn't welfare, it is well fair. It is like providing a box of matches, and some kindling, but expecting people to collect their own firewood. 

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