Universal Basic Income - yay or nay?
Welcome to Tony Island blog! I have been seeing articles about the concept of a Universal Basic Income, but never read them until a few weeks ago. There was a short article on MSN that I decided to read and it really got the wheels in motion. I thought I'd be against the idea, but it does seem to have some positives to it. The basic idea is that starting at age 21, the government would give each citizen a fixed yearly income (the article I read mentioned $13,000). In exchange, it was proposed that various government programs could be dismantled including Social Security. That one idea sparked other ideas in me. And so I thought I'd write them down here. First, I think that the base income should be $15,000 as I think that's about the average a Social Security recipient receives. Now, let's look at the Federal programs that can be eliminated: Social Security - with a guaranteed income starting at age 21, this is a no brainer program that can be eliminated. We ...