The intellectual underpinning of a government-guaranteed basic income fails to overcome several objections on historical, economic, and moral grounds. But if it ever did, the adoption of a basic-income guarantee would deserve only cautious consideration because major policy changes always have numerous unknown and often irreversible consequences.
Skeptical Thoughts on a Taxpayer-Funded Basic Income Guarantee
By Robert M. Whaples
This
article
appeared in
the Spring 2015 issue of The Independent Review.
EconomyEntitlements and WelfareFederal Budget PolicyFederal Tax PolicyFree Market EconomicsGovernment and PoliticsPublic ChoiceSocial SecurityTaxesTaxes and Budget
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