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A 2% growth rate means that income doubles in 35 years, so one has an option of getting basic income of say 20,000 current dollars for the next generation, if o
by enugu 9y ago
A 2% growth rate means that income doubles in 35 years, so one has an option of getting basic income of say 20,000 current dollars for the next generation, if one were to exercise this option. (Doubling would actually generate more than 20k, but growth is not assured especially these days.) But this would mean that significant share of growth in wealth is channeled to the basic income project.