Friday, July 25, 2014

A Guaranteed Income

Perhaps it's time to have the discussion about using a guaranteed income to eliminate poverty in America.  Just think of how many piece-meal social programs that could be replaced if we, as a nation, found a way to provide a basic livable income to our most disadvantaged citizens.  Dylan Matthews points out that such a thing is indeed affordable.  In all honesty, there are a vanishing small few of us who have not arrived at where we are without some sort of unearned assistance.  Warren Buffet speaks of it as the birth lottery.  My parents' generation benefited significantly from the post-WWII GI bill that enabled erstwhile rural farm boys to receive college educations.  That generation, in turn, was able to establish middle-class lives that made it possible for their children to have greater opportunities than they would have found on an Oklahoma farm.

David Atkins adds his analysis of why it makes more sense in light of the fact that increases in productivity have lined the pockets of the wealthy while wages for our workes continue to stagnate.

What would a good guaranteed income system look like?  What is working or not working in other countries?  How do we give people the help they can use without providing incentives for perpetual dependency?

1 comment:

OztN Miller said...

I have thought about doing research on this. I feel like I don't have all the resources I need yet to do it justice, but I am fairly certain there is merit in a Guaranteed Income.