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It would be interesting if basic income were tied to some combination of the Gini index and inflation rate. It would serve as a nice automatic offset to deflat
by tcbawo 11y ago
It would be interesting if basic income were tied to some combination of the Gini index and inflation rate. It would serve as a nice automatic offset to deflation, then fade away as the economy took off and wages increased.
- ItsDeathball 11y agoWhat I'd like to see - and never see suggested in these discussions - is starting with a revenue-neutral carbon tax to fund a BIG. Since the tax would internalize the externalities of pollution and climate change, the government could cut subsidies and tax breaks for energy production and efficiency, and throw those savings into BIG as well. Anyone willing to be a below-average greenhouse gas emitter comes out on top, while anyone who owns a private jet is doing well enough not to care.
- cmacpher 11y agototally on board with something like this. I never understand why people say market forces will solve global warming, pollution and the future of energy. Pollution is THE textbook case for an externality. By definition it cant be fixed by the free market.
- cam_l 11y agoa revenue-neutral carbon tax to fund a welfare state.. Love the idea, but we had one of these for a couple of years, and at $23/t there was at least an order of magnitude less money in it than needed for a GBI. And per capita, we are among the highest carbon emitters on earth.
- dllthomas 11y agoTying BI to observed inflation seems dangerous. Targeted inflation seems advisable. The former because a BI set higher than conditions can support seems likely to cause inflation, which would reduce (real) BI.