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You added a note
9 years, 2 months ago

should basic income try to eradicate poverty?

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 t…

—p.79 Basic Income: And How We Can Make It Happen Reducing Poverty, Inequality and Insecurity (71) by Guy Standing
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9 years, 2 months ago

the income distribution system has broken down

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 Reducing Poverty, Inequality and Insecurity (71) by Guy Standing
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9 years, 2 months ago
You added a vocabulary term
9 years, 2 months ago

plutocracy

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 Reducing Poverty, Inequality and Insecurity (71) by Guy Standing
notable
You added a note
9 years, 2 months ago

policy principles for freedom

Two general principles should be applied to any social policy, especially those pitched as alternatives to an unconditional basic income. The first is:

The Paternalism Test Principle. A social policy is unjust if it imposes controls on some groups that are not imposed on the most free groups i…

—p.61 Basic Income and Freedom (47) by Guy Standing