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View Diary: How to Cut the Poverty Rate in Half: A Universal Income For All (73 comments)

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  •  So continuously? (1+ / 0-)
    Recommended by:
    Sparhawk

    year after year?

    It might work, or just end up being inflationary.  

    It would seem most sensible to just guarantee the funds to those below a certain income level, but I suppose that'd never fly politically.

    •  Correct. (0+ / 0-)

      It would be paid out year after year.

      Inflation could be a cause for concern, but there was also concern that the Federal Reserve's quantitative easing program would cause inflation too and so far that hasn't really been the case (they currently buy about $40 billion in bonds a month).

      While basing it on income is a good idea, I agree that it would probably be less politically toxic if the income were guaranteed to all Americans regardless of income, similar to the way Social Security is less controversial than unemployment or Medicaid.

      Wendy Davis for TX Governor, 2014!

      by GleninCA on Thu Nov 07, 2013 at 01:14:32 PM PST

      [ Parent ]

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