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Is a universal basic income possible in the United States?

A new report by the Roosevelt Institute answers exactly that using a Keynesian, Stock-Flow-Consistent model calibrated to the US. According to their result, when distributional changes are considered, ...
luchonacho's user avatar
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5 votes
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UBI - Raising the Poverty line

No, this question is based on fundamentally flawed premises. There is a plenty that you can criticize about UBI and generally literature does not consider UBI efficient redistribution policy, but ...
1muflon1's user avatar
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4 votes
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What are the benefits of UBI?

This is a huge question and I doubt any SE answer could address this fully, but I would like to elaborate on a few points. Effects of the Alaska Permanent Fund Dividend I would argue that the ...
Kent Shikama's user avatar
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3 votes
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Why income elasticity of demand of luxury good in greater than 1?

As for your first question: income elasticity of demand is just a percentage change in quantity demanded divided by a percentage change in demand. If you divide two things that are equal you get one: $...
bajun65537's user avatar
3 votes

How is workforce guaranteed in basic income system?

Brian's answer surely hit a major part of the issue - the level of the UBI. Yet, there are other aspects of the problem. People like to work. There is a huge amount of sociological literature showing ...
luchonacho's user avatar
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3 votes

Emergence of notion "primitive business" in the era of Industry 4.0 and globalization

There surely is research about the complement(s) of the (low tech) "primitive businesses", i.e. the high-tech and/or innovative businesses. The US CES for instance publishes a BDS-HT (...
got trolled too much this week's user avatar
3 votes
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Wouldn't an unconditional basic income lead to an inflation that negates its effect?

Theoretically basic income might have a tendency to increase inflation. But that largely depends on how much is the basic income provided. Usually, the idea of basic income itself means that it is '...
Sub-Optimal's user avatar
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2 votes

Economic effects of a Commons Capital Depository

Has anything like his proposed commons capital depository ever been tried in practice? Sweden had such experiment, but in a much lower scale than it was originally planned and of what Varoufakis is ...
luchonacho's user avatar
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2 votes

Wouldn't an unconditional basic income lead to an inflation that negates its effect?

In short, inflation affects a basic income guarantee exactly the same as any other cashflow in the affected currency. It is possible to create a connection by funding a basic income benefit with ...
phylae's user avatar
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2 votes

Wouldn't an unconditional basic income lead to an inflation that negates its effect?

Another name for basic income is citizens dividend, the idea being that the income is a dividend from the nation's earnings from natural resources like land and oil. In most countries only a select ...
Mick's user avatar
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2 votes

Is poverty a mathematical necessity?

Onurcanbektas, I really like your thought process. The problem with your mental model is that you've assumed economic output is exogenous. However, in the real world (most) jobs produce economic ...
user9403's user avatar
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2 votes

Universal basic loan

This website is supposed to be technical questions and not opinion-based, so I will try to respond to two technical questions I can extract from the question. The first question: is the loan “less ...
Brian Romanchuk's user avatar
2 votes

Are there any effective research efforts into combating wealth inequality?

There is a lot of research into this area. You might want to look into the papers of Angus Deaton, Thomas Picketty, Gabriel Zucman, Emanuel Saez or Branko Milanovic for starters. Especially, Emanuel ...
1muflon1's user avatar
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1 vote

Covering cost of UBI and Laffer curve

The answer there asked to consider only cost side and ignore benefits side of the problem. Laffer curve is the relationship between tax rate and tax revenue. The idea is that at both 0% and 100% rate ...
1muflon1's user avatar
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1 vote

UBI - Raising the Poverty line

IMO, the force that would prevent everyone getting a bigger piece of your UBI pie is competition. If one landlord tried to price gouge, you could rent a different apartment. If one ice cream parlor ...
Slopezian's user avatar
1 vote

Is there any way to sufficiently cover the cost of a UBI?

But what about the $100 billion saved from healthcare needs? Is that an actually reason, which studies to back it up? I'm not sure anyone can answer this for you if you want to ignore social benefits....
heh's user avatar
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1 vote
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Is there any way to sufficiently cover the cost of a UBI?

Since you say that you want to ignore social benefits etc. then answer is trivial. As long as the cost of UBI is not so high that taxes would cross the peak of Laffer curve then answer is always yes, ...
1muflon1's user avatar
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1 vote

elasticity of income if price changes by 10 percent

Try work it out step by step and don't just concentrate on the math. Suppose Arista has income of $w$, and the price of whatzits is $p$. She spends 10% of that on whatzits, so how many whatzits does ...
Art's user avatar
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1 vote

Is poverty a mathematical necessity?

American economic theorist Henry George wrote about precisely this issue in his famous work Progress and Poverty published in the late 1800s, and based on his observations on the economic development ...
Bill Clark's user avatar
1 vote

What are the differences on the impact of a universal basic income from a liberal and a keynesian point of view?

'Universal basic income' has largely been in the public dialogue, to counter the negative consequences of automation - or some other reasons for mass unemployment. In such a context, it is proposed as ...
jam 626's user avatar
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1 vote

How is workforce guaranteed in basic income system?

The level of the basic income would have to be set at a level that the majority of the population is still willing to work to get more money than the basic amount, so that required work is still done. ...
Brian Romanchuk's user avatar
1 vote

How much inflation will changes to official wage benchmarks cause?

. From Investopedia Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks ...
Jamzy's user avatar
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1 vote

Is a universal basic income possible in the United States?

It depends what formula you apply. If we apply the formula as laid out by Philippe Van Parijs and Yannick Vanderborght to the United States, for a UBI consisting of 25 percent of GDP distributed on a ...
Daniel's user avatar
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