I don’t normally write on things I know little or nothing about, but recently I developed an interest in Basic Income Guarantee (or Negative Income Tax) schemes. The idea is surprisingly simple – everyone is paid a straight forward dividend or cash payment sufficient for their needs, all equally, and those who wish can work on top. Yes I know it sounds very odd – but it is extremely interesting, and the ramifications are quite large. This essay from Andrew Usher on Men’s Wiki explains the idea a little – well worth reading. The best known theorist appears to be US economist Karl Widerquist, and there is an interview on the subject of BIG with him here. Thanks to Tom Nowell for introducing me to the USBIG Basic Income Newsletter, following our chat on Social Policy and Welfare Reform in Yates a few weeks ago. Anyway If anyone is interested I’ll find some more resources.
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