I’m not sold on basic income, I think a solid welfare system would in effect be “basic income” for low/no income people, but By essentially having a tapering payout as the recipients earnings increase you resolve a number of issues BI produces.
I do think it’s an interesting idea to have essentially a private fund do a real world experiment, I’m just not sure of the long term feasibility. The problem you have is that the addition of a basic income does not result in any increase in the funds available to you. For a government back system, BI theoretically should result in an over all increase in tax revenue that can then fund said BI, while also reducing the amount spent on poverty related disease, illness, crime, etc. (to be clear I’m not saying poor people are criminals, just that some crime is a result of poverty - theft of food, “crimes” like prostitution, etc).
I’m not sold on basic income, I think a solid welfare system would in effect be “basic income” for low/no income people, but By essentially having a tapering payout as the recipients earnings increase you resolve a number of issues BI produces.
I do think it’s an interesting idea to have essentially a private fund do a real world experiment, I’m just not sure of the long term feasibility. The problem you have is that the addition of a basic income does not result in any increase in the funds available to you. For a government back system, BI theoretically should result in an over all increase in tax revenue that can then fund said BI, while also reducing the amount spent on poverty related disease, illness, crime, etc. (to be clear I’m not saying poor people are criminals, just that some crime is a result of poverty - theft of food, “crimes” like prostitution, etc).
Anyway, good luck to you fine folk!