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Who determines what the basic income should be and how exactly do they do it?
by marknutter 13y ago
Who determines what the basic income should be and how exactly do they do it?
- tonyedgecombe 13y agoPresumably the people who decide what welfare and taxes should be right now.
- dllthomas 13y agoLike any policy question, the answer is: Ideally, the level will be set to what will produce the best outcome based on our current understanding of the world, where the precise parameters under which 'best' is determined is negotiated through a fair political and/or economic process. In practice, the question is how we best approximate that. The shape of that should be informed by economics, and will likely depend on the particular country. All of that said, I agree it's a key factor to look at when assessing a particular BI proposal; I don't think it's an unanswerable question.