The Cost of Universal Basic Income: Public Savings and Programme Redundancy Exceed Cost

Richard Pereira
Additional contact information
Richard Pereira: York University

Chapter Chapter 2 in Financing Basic Income, 2023, pp 9-46 from Palgrave Macmillan

Abstract: Abstract This chapter addresses the cost objection to basic income, which rests upon the claims that (a) it is too expensive to implement, and (b) that personal income taxes will have to be raised to such a high level as to make it politically infeasible. A Canadian case study is used to demonstrate that the cost savings of implementing basic income are often greatly underestimated or neglected, and that personal income taxes do not need to be raised. Personal income taxes could be reduced while implementing a decent basic income.

Keywords: Universal basic income; Cost; Savings; Public finance; Demogrant; Negative income tax (NIT) (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-3-031-29012-1_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031290121

DOI: 10.1007/978-3-031-29012-1_2

Access Statistics for this chapter

More chapters in Exploring the Basic Income Guarantee from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().