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71

Reducing Poverty, Inequality and Insecurity

1
terms
2
notes

Standing, G. (2017). Reducing Poverty, Inequality and Insecurity. In Standing, G. Basic Income: And How We Can Make It Happen. Pelican, pp. 71-94

(noun) government by the wealthy / (noun) a controlling class of the wealthy

74

In the relative sense, the precariat almost certainly loses from growth, because the gains from the sort of growth that is occurring go disproportionately if not entirely to the plutocracy, elite and salariat.

—p.74 by Guy Standing
notable
2 years, 2 months ago

In the relative sense, the precariat almost certainly loses from growth, because the gains from the sort of growth that is occurring go disproportionately if not entirely to the plutocracy, elite and salariat.

—p.74 by Guy Standing
notable
2 years, 2 months ago
75

However hard they work, a growing proportion of those in relative poverty and economic insecurity will be unable to escape. Tax credits and statutory minimum wages that have been enlarged steadily have failed to arrest the upward trend. It is the income distribution system that has broken down.

—p.75 by Guy Standing 2 years, 2 months ago

However hard they work, a growing proportion of those in relative poverty and economic insecurity will be unable to escape. Tax credits and statutory minimum wages that have been enlarged steadily have failed to arrest the upward trend. It is the income distribution system that has broken down.

—p.75 by Guy Standing 2 years, 2 months ago
79

That said, should basic income be touted as a way of eradicating poerty? This would leave the way open to the counter-attack that in practical terms the initial amount paid out would do no such thing. If it were set at a level that tried to do so, the fiscal jolt would be too great to appeal to the popular or political imaginations.

However, if properly designed, a basic income should reduce the incidence of poverty, the number of people living in relative poverty, as well as the depth of poverty of anybody in or near the poverty line, whatever that might be. A basic income will not eradicate poverty. No policy by itself ever will. But it should reduce the threat of poverty, faced by all those hovering just above it.

the point about the fiscal jolt being too great for the average person is a good point (if lamentable)

—p.79 by Guy Standing 2 years, 2 months ago

That said, should basic income be touted as a way of eradicating poerty? This would leave the way open to the counter-attack that in practical terms the initial amount paid out would do no such thing. If it were set at a level that tried to do so, the fiscal jolt would be too great to appeal to the popular or political imaginations.

However, if properly designed, a basic income should reduce the incidence of poverty, the number of people living in relative poverty, as well as the depth of poverty of anybody in or near the poverty line, whatever that might be. A basic income will not eradicate poverty. No policy by itself ever will. But it should reduce the threat of poverty, faced by all those hovering just above it.

the point about the fiscal jolt being too great for the average person is a good point (if lamentable)

—p.79 by Guy Standing 2 years, 2 months ago