Unconditional Basic Income in Portugal: How Can We Afford It?

Richard Pereira
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Richard Pereira: York University

Chapter Chapter 3 in Financing Basic Income, 2023, pp 47-64 from Palgrave Macmillan

Abstract: Abstract This chapter demonstrates that an unconditional basic incomeUnconditional Basic Income (UBI) (UBI) paid at a high level is affordable and feasible in Portugal, without cuts to social services or contributory social insurance programmes. The proposal does not require increases to VATTaxesVAT, sales taxes or personal income taxesTaxespersonal income tax. This is an exploratory study; however, it is one based on recent comprehensive cost (and savings) analysis of UBI in several jurisdictions. Many new financing options are introduced and considered for the Portuguese case. The structure is as follows: (1) Definitions, (2) Introduction, (3) How we can afford it. How can we not? (4) Case studies and surplus financing, (5) Further Research: Completing the Portugal UBI project.

Keywords: Basic income; Unconditional basic income; Universal basic income; Guaranteed minimum income; Finance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-3-031-29012-1_3

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DOI: 10.1007/978-3-031-29012-1_3

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