A NAFTA Dividend: A Guaranteed Minimum Income for North America

Howard Michael W.
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Howard Michael W.: University of Maine

Basic Income Studies, 2007, vol. 2, issue 1, 23

Abstract: This paper explores the desirability and feasibility of a minimum income for the North American Free Trade Agreement (NAFTA) region. I review arguments in support of a basic income or a negative income tax for the European Union (EU). Then I examine ways in which the NAFTA countries do and do not resemble the EU in aspects relevant for the desirability and feasibility of a regional basic income. I argue that a case can be made for a North American guaranteed income, grounded, with respect to desirability, in a globalist theory of justice, and with respect to feasibility, in the necessity of moderating the flow of labor migration. A universal regional basic income is a useful tool for regional development that is fair and that insures better than does the current NAFTA that cooperation benefits the least advantaged.

Keywords: Keywords – basic income; European Union; fair trade; global justice; guaranteed income; immigration; NAFTA; negative income tax; North America (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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DOI: 10.2202/1932-0183.1043

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