Aggressive Distinction With Minimum Income or Basic Income Guarantee
Some proponents of basic income speak aggressively against minimum income. This wiki page's history used to forward to Basic income guarantee, and that page has an excellent list of example implementations, and other sources, but unfortunately repeatedly conflates basic and minimum income. The core basis for opposing minimum income is its effect on work disincentives as per this example:
A Guaranteed or minimum income of $15000 means that every eligible recipient receives a socially funded cheque equal to ONLY the difference between their other income sources and $15000. So, they receive nothing if their income is $15k or more, receive $1k if their other income is $14k, and receive $15k if they have no other income.
To understand why basic income and guaranteed income are drastically different, in the context of work:
- Basic income (of $10k) is identical to giving every full time (40 hour/week) worker a $5/hour raise, and every half-time worker a $10/hour raise.
- Guaranteed income (of $15k) reduces every full time worker wages by at least $7.50/hour, and every half-time worker wages by at least $15/hour. In exchange for a $15k payment.
The other main criticism of guaranteed income is that it sounds very good as a political slogan if no one considers affordability. It reflects well on the compassion of the proposer. Guaranteed income offers greater promises than basic income to organized labour and those that refuse to work, but it has no funding predictability, and no basis for sustainable economic stability due to the fact that the impact of refusal to work rates cannot be predicted.
Basic income avoids all work disincentives by not basing the benefit on income level, and has predictable funding costs.
Read more about this topic: Basic Income
Famous quotes containing the words aggressive, distinction, minimum, income, basic and/or guarantee:
“You were born into a different world that will present you with different gifts and challenges. A new vision of manhood will be called for that does not tie so closely into the more aggressive and competitive residues of our male character. You will need to search out new ways of expressing strength, showing mastery, and exhibiting courage—ways that do not depend upon confronting the world before you as an adversary.”
—Kent Nerburn (20th century)
“This is no rune nor symbol,
what I mean is it is so simple
yet no trick of the pen or brush
could capture that impression;
what I wanted to indicate was
a new phase, a new distinction of colour.”
—Hilda Doolittle (1886–1961)
“There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.”
—H.L.A. (Herbert Lionel Adolphus)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)
“Just as the constant increase of entropy is the basic law of the universe, so it is the basic law of life to be ever more highly structured and to struggle against entropy.”
—Václav Havel (b. 1936)
“Beyond the horizon, or even the knowledge, of the cities along the coast, a great, creative impulse is at work—the only thing, after all, that gives this continent meaning and a guarantee of the future. Every Australian ought to climb up here, once in a way, and glimpse the various, manifold life of which he is a part.”
—Vance Palmer (1885–1959)