Discussions of the advantages of a universal unconditional and nonwithdrawable benefits will generally list both the lower marginal deduction rates that individuals would experience compared with those imposed by means-tested benefits, and such social benefits as a greater social cohesion generated by everyone receiving the same Citizen’s Income. What is not always recognised is that changes experienced by one individual might cause changes for another.
[Citizen’s Income Trust] SUMMARY: On the 19th February The Independent reported that ‘only 3,200 people – a fraction of the original target – had been signed up to receive Universal Credit …. Under the original timetable, one million people were supposed to be receiving the payment by April, rising to 1.7 million a year later. [...]
[Citizens Income Trust] At a seminar at the University of London on 5 March Guy Standing reported the results of a Citizen’s Income pilot project in which he has been involved in India over the past five years. In recent decades, India has relied on subsidised rice, wheat, sugar and kerosene to reduce poverty, but [...]
A conference, entitled, “Citizen’s Income: A solid foundation for tomorrow’s benefits system,” will take place on Friday 6th June at the British Library (Euston Road, London) from 10 a.m. to 5 p.m. Speakers already confirmed include Natalie Bennett (Leader of the Green Party), Dr. Tony Fitzpatrick (Nottingham University), John McDonnell MP, Professor Guy Standing (SOAS). [...]
Malcolm Torry, Money for Everyone: Why we need a Citizen’s Income, Policy Press, 2013, xiv + 300 pp, 1 44731 125 6, pbk, £24.99, 1 44731 124 9, hbk, £70 Malcolm Torry delivers a blockbuster argument in favour of a Citizen’s Income to wholly or partially replace current benefits. His book is well-researched, well-informed, well-written, [...]
David Reisman, The Social Economics of Thorstein Veblen, Edward Elgar, 2012, vii + 338 pp, hbk, 0 85793 218 1, £90 The dust jacket suggests that Thorstein Veblen’s writings are ‘difficult to read and understand’. Perhaps they are, but most of the many passages quoted in Reisman’s book are not. ‘The institutional structure of society [...]
Nathalie Morel, Bruno Palier and Joakim Palme (eds), Towards a Social Investment Welfare State? Ideas, policies and challenges, Policy Press, 2012, xiv + 386 pp, pbk, 1 847 42925 4, £19.99, hbk, 1 847 42924 7, £70 Is the welfare state a cost or an investment? To take two examples: unemployment benefit is a cost; [...]
Robert A. Becker (ed.), The Economic Theory of Income Inequality, Edward Elgar, 2013, 0 85793 908 1, hbk, lvii + 636 pp, £225 Ten years ago, Edward Elgar published a two volume collection of reprinted articles, The Economics of Poverty and Inequality, edited by Frank Cowell. The publication of this new volume of reprints, a [...]
This essay begins and ends with a genuine question: Given the proven desirability and financial feasibility of a Citizen’s Income, why does a Citizen’s Income not appear to be politically feasible?
In 1797 Thomas Paine suggested that, because in principle the land belongs to everyone equally, those who occupy it should pay a ground rent to the whole community. We can generalise the profits that landowners reap from the occupation of land into the concept of ‘economic rent’: if someone uses natural resources that belongs to all of us in order to make money, then any income greater than the cost of production is ‘economic rent’. Paine would have made the point that the economic rent belongs to all of us.