LABRST 2M03 Lecture Notes - Lecture 7: Basic Income, Progressive Tax
Document Summary
Government and society guaranteeing a basic income amount for all employees. Wouldn"t require work or education, no restraints. 2 forms: universal basic income (ubi): Everyone receives the basic income: basic income guarantee (big): Sets a floor, and if your income falls below that floor, the government fills that income difference. If on the pessimistic side of the technology replacing jobs debate, tend to look more favourably on a policy of basic income. Because they"re pessimistic of the value of human work with the advancement of technology. Also think it"s a better policy because of it"s simplicity. Also popular among people of the left, out of basic respect for humanity. A question of rebalancing the power relationship. If pessimistic of ubi in 1st world (usa), more accepting of it in 3rd (africa) world and see that the 3rd world is more in need of it. Many tests of this in africa (basic income guarantee)
