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A Basic Income is Feasible: But What Do We Mean by ‘Feasible’?

In: Basic Income—What, Why, and How?

Author

Listed:
  • Malcolm Torry

    (University of Bath)

Abstract

This chapter describes different ways of categorising feasibilities, and then discusses several different feasibilities in relation to the question as to whether a Basic Income would be feasible to implement. The different feasibilities discussed are as follows: (a) financial (Would it be possible to finance a Basic Income? And would implementation impose substantial financial losses on any households or individuals?); (b) psychological (Is the idea readily understood, and understood to be beneficial?); (c) institutional (Would it be possible to administer a Basic Income? Would it be possible to manage the transition?); (d) political (Would the idea cohere with existing political ideologies? Would the political process be able to process the idea to implementation?); and (e) behavioural (Will a Basic Income work for households and individuals once it is implemented?). Where arguments against feasibility are discovered, the chapter asks whether it might be possible to formulate and then implement strategies to turn non-feasibility into feasibility. The chapter draws conclusions about a Basic Income’s feasibility.

Suggested Citation

  • Malcolm Torry, 2022. "A Basic Income is Feasible: But What Do We Mean by ‘Feasible’?," Exploring the Basic Income Guarantee, in: Basic Income—What, Why, and How?, chapter 0, pages 131-150, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-3-031-14248-2_8
    DOI: 10.1007/978-3-031-14248-2_8
    as

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