One issue: how do you disburse the income? What happens if someone blows it all on drugs, and then is out? We're sort of back where we started. Could we then just let the person starve or whatever, and say, "well you had your chance."? Push comes to shove, I don't think I could.
My solution: Government provided withdrawal systems (ATMs or something like that), that provide $27/day (to use your number). Most people who unwisely spent their $27 could manage to wait another day and then get food.
Problem: How do you pay for all this?
Solution: A low-percentage wealth (aka capital) tax. It's a redistribution of wealth, but if you outearn/outinvest the rate, then you can accumulate wealth. Could then do away with estate taxes. Ideally I'd cap the Basic Income Guarantee as a percentage of this wealth tax, evenly distributed, and not a fixed number. As the society gets richer/poorer so does the distribution.
Then, just add in single payer health insurance, and remove minimum wage, social security, medicare, medicaid, welfare, and all sorts of other systems and we have my socialist/libertarian paradise. : )
However, I don't think your first solution solves your first problem. I don't have a good solution for it either, though.
I like your second solution, but I would prefer a progressive capital gains tax + a carbon tax. Basically you only get taxed on your wealth if you earn about a certain yearly amount.
"What happens if someone blows it all on drugs, and then is out? We're sort of back where we started."
If someone is persistently unable to meet their needs with access to a basic income, they need a different kind of help. Hopefully we could provide that help. We're not back where we started - we've learned things, and we've helped the others, and can now focus on solving this different problem.
One issue: how do you disburse the income? What happens if someone blows it all on drugs, and then is out? We're sort of back where we started. Could we then just let the person starve or whatever, and say, "well you had your chance."? Push comes to shove, I don't think I could.
My solution: Government provided withdrawal systems (ATMs or something like that), that provide $27/day (to use your number). Most people who unwisely spent their $27 could manage to wait another day and then get food.
Problem: How do you pay for all this?
Solution: A low-percentage wealth (aka capital) tax. It's a redistribution of wealth, but if you outearn/outinvest the rate, then you can accumulate wealth. Could then do away with estate taxes. Ideally I'd cap the Basic Income Guarantee as a percentage of this wealth tax, evenly distributed, and not a fixed number. As the society gets richer/poorer so does the distribution.
Then, just add in single payer health insurance, and remove minimum wage, social security, medicare, medicaid, welfare, and all sorts of other systems and we have my socialist/libertarian paradise. : )