Switzerland is considering a radical reimagining of its welfare state. Instead of mish-mash of individual programs meant to help people manage different parts of their lives, they're thinking of simply guaranteeing every resident a basic income that they can spend how they like. Ezra Klein and top experts discuss whether this is a good idea or a nutty European fantasy.
How can we solve poverty and boost the economy without causing massive environmental damage? This one simple economic change could solve inequality, homelessness, poverty, unemployment, welfare, pensions and the minimum wage issue all at once, reverse the effects of recession and take huge amounts of pressure off the environment, the economy and ourselves - the Unconditional Basic Income. By Guest Writer Elizabeth Edgett
Imagine the government started handing out $10,000 annually to every adult in the country, or implemented a negative income tax rate so that low earners and people out of work would receive tax money instead of paying it.
The gap between America’s upper-income and middle-income families has reached its highest level on record. In 2013, the median wealth of the nation’s upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500).
Basic income by itself will not solve the problems we're confronted with, and particularly the growth of the precariat. But without basic income I cannot see a solution to the growing inequalities that we're experiencing.