Questions tagged [basic-income]

A basic income (also called unconditional basic income, basic income guarantee, universal basic income, universal demogrant, or citizen’s income) is a form of social security system in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere.

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Covering cost of UBI and Laffer curve

The top answer to the question Is there any way to sufficiently cover the cost of a UBI? spoke of the answer being trivial and just use the Laffer curve. I'm wondering what that means given that a UBI ...
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What value does a worker whose job could be automated provide to society?

Has anyone calculated the global benefit of non-workers on government assistance and found their contribution to be less than the assistance they were provided? I'm looking for scientific studies ...
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UBI - Raising the Poverty line

Imagine if a country starts to pay $1000/month to all citizens. Then my landlord knows that I can afford to pay a bit more rent from next month. So will my favorite ice-cream place, my barber and in ...
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Universal basic loan

I'm looking for feedback and critiques of an idea. Universal basic income is an increasingly popular idea, but most agree that it would be terrifically expensive. Assuming that the goal of UBI is to ...
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Is there any way to sufficiently cover the cost of a UBI?

Note: I'm talking about the cost of a UBI, and the cost only. Not the social benefits, or the political barriers, or all that stuff. Just the cost. If you've been following American politics for a ...
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Are there any effective research efforts into combating wealth inequality?

There seems to be no "correct" answer in combating wealth inequality; however, we should attempt to use different methods to combat inequality in cities, then counties, then states, then countries. ...
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Why income elasticity of demand of luxury good in greater than 1?

According to textbook and wikipedia, "if income elasticity of demand of a commodity is less than 1, it is a necessity good. If the elasticity of demand is greater than 1, it is a luxury good or a ...
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elasticity of income if price changes by 10 percent

Arista always spends 10 % of her income on whatzits. Assume that her income increases by some percentage while the price of whatzits remains constant (and that all whatzits cost the same). What is ...
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3 votes
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What are the benefits of UBI?

UBI - universal basic income (everyone gets a set amount per period) If you've heard anything about me, it's that there's an Asian man running for president that wants to give every American $...
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Is solving unemployment impossible?

Supposing that there in island. The island is barren except for a machine that makes food. Let us suppose that people want for nothing else. At first the machine requires the whole population to ...
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Relationship b/w consumption & increase in interest rate

Please help me clarify this- Case 1 - If interest rates increase then people will save more to reap the benefits and will cut down on their consumption(C) so Consumption will fall. Case 2 - Due to ...
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How to Find Real Disposable Income for Iran?

I'm doing a project for my macro course, and I'm trying to find real disposable income for Iran over a 25 year period. In my course Disposable income, $Y_d = Y - T$, where $Y$ is output (income) and $...
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Is poverty a mathematical necessity?

I recently saw a meme, and the content was something like: In the near future, a meteor will 'hit' the Earth, and there will be gold rain, and hence everyone will be rich The ridiculous thing ...
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Emergence of notion "primitive business" in the era of Industry 4.0 and globalization

It has always been the conventional wisdom that businesses should be fit to survive in the market competition, that only the best businesses can survive beyond horizon of several years, that survival ...
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Would $1000/mo UBI funded by 10% goods and services tax cause prices to skyrocket, making the divident useless? [duplicate]

If everyone in the US was given $1000 per month, paid for by a goods and services tax of 10%, would prices then skyrocket, making the extra money useless? For example, if I wanted to buy products X, ...
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How Switzerland has significantly high cost of living as compared to its neighboring countries?

Despite being a small country (area-wise), how Switzerland can sustain a high cost of living? I get the logic that the pay of employees would be proportionally higher, so they can sustain a high ...
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What are the differences on the impact of a universal basic income from a liberal and a keynesian point of view?

A classmate asked me this and I have no idea how to approach the question. How would I even describe the effects of the universal basic income on the labour market from a Keynesian point of view?
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General equilibrium papers on universal basic income

Are there any microeconomics or general equilibrium articles on universal basic income? Papers dealing with general wealth transfer mechanisms where a basic universal income would be a subset of the ...
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How is workforce guaranteed in basic income system?

After reading an article on wiki and watching the Ted video on basic income system in a society and even M.Zuckerberg talks about it, nobody really addresses the issue of the workforce availability. ...
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Economic effects of a Commons Capital Depository

Yanis Varoufakis (Ιωάννης Βαρουφάκης) proposes to fund a universal basic income (UBI) using dividends from a commons capital depository, essentially channeling a percentage of shares issued at an ...
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Wouldn't an unconditional basic income lead to an inflation that negates its effect? [duplicate]

There are several version and denomination for a basic income. In this question, I will call unconditional basic income the situation were all citizens of a country receive regularly a lump-sum of ...
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How much inflation will changes to official wage benchmarks cause?

For example, right now Livable Wage hovers around \$20 an hour. That's around \$40,000 a year. Let's say the US somehow will give \$50,000 a year as a "Guaranteed basic income". How high will the "...
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Is an unconditional basic income pleasurable idea or it cannot be achieved? [duplicate]

I would like to know if you can tell me, what are economical theories that are in support of this kind of social system if any? Can this system be efficient?
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2 votes
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Has income inequality ever been solved in societies in the past in terms of what people make to cost of living? [closed]

One thing I've seen many on here whether life style is increasing or poor's wealth is, income inequality in terms of things like food, water, healthcare keep going up, but wages aren't keeping up. ...
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Finland plans to give every citizen 800 euros a month and scrap benefits. Will it become successful? [closed]

Finland plans to give every citizen 800 euros a month and scrap benefits. Will it become successful? http://www.independent.co.uk/news/world/europe/finland-plans-to-give-every-citizen-800-euros-a-...
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1 vote
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Economic Model: Incentive Compatible Market Economy that Satisfies Basic Needs

The capitalism system relies on a monetary system for exchange of goods and services. This appears to cause a large number of problems. For example, we shun those that don't have money. Is there an ...
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11 votes
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The Case for Basic Income in developed and underdeveloped countries

From what I can tell, the idea of the basic income guarantee is very popular in some circles as an excellent alternative to a lot of modern welfare systems. Has anybody developed a theoretic or ...
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Is a universal basic income possible in the United States?

Is a universal basic income or unconditional demogrant possible in the United States? (For the sake of specificity I have focused the question on the US, though the question is certainly interesting ...
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7 votes
3 answers
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Is foreign-financed Basic Income Guarantee inflationary?

The question came up on comments in Politics.SE: Situation: A government of a country sets up an unconditional Basic Income Guarantee (defined as monthly payments to EVERY resident, unconditionally,...
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