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Guaranteed Annual Income
Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Jul 29, 2008 8:30 pm

an attempt to provide without the negative side-effects

http://www.centersds.com/briefintro.htm

[Joel Schwartz] writes Both Nobel economist and President backed some version of a guaranteed income program. But we now know empirically from the Office of Economic Opportunity's ten-year experiment (conducted from 1968 to 1978, primarily in [Denver Co] and ) that such subsidies significantly weaken the [Work Ethic]. The experiment found, too, that income guarantees correlate with family dissolution. ()

See also [Philippe Van Parijs] on [Basic Income]

Modern proposals for a [GAI] have usually taken two basic forms that reflect these very different purposes and an infinite number of variations. The form usually favoured by people who place a high value on simplification and work incentives is the ([NIT]). This is a payment by governments to persons or households below certain income level as opposed to positive income taxes which are paid to governments by persons with income above a certain level. The [NIT] was initially conceived by the American economist [George Stigler], in 1946... The second form of [GAI] is the [Universal Demogrant] ([UD]). This is a payment to all persons regardless of income. It is usually favoured by those who see the [GAI] as a right of citizenship and whose purpose is to eliminate and lead to more equal sharing of the economic benefits of society. This approach to a [GAI] received its classic description by another American economist, [Robert Theobald], in his 1965 book, [Free Men And Free Markets].

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Bill Seitz, fluxent at gmail dot com, Weblog