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In Favor: UBI Pays for Itself

In: Debating Universal Basic Income

Author

Listed:
  • Robert E. Wright

    (American Institute for Economic Research)

  • Aleksandra Przegalińska

    (Kozminski University)

Abstract

Tax increases on the rich, reducing tax evasion, cutting wasteful programs, taxing carbon, data, and inheritances, and, if necessary, printing new money could fund a UBI sufficient to help people to quit work and find useful activities. Currently, many people work jobs that pay well but that offer little fulfillment because they are meaningless and unnecessary. By freeing them to live their best lives, UBI and state-guided innovation will make everyone better off and more efficient. So the economic barriers to UBI are minimal; the real barriers are political and ideological. Government spending, not austerity, creates prosperity.

Suggested Citation

  • Robert E. Wright & Aleksandra Przegalińska, 2022. "In Favor: UBI Pays for Itself," Exploring the Basic Income Guarantee, in: Debating Universal Basic Income, chapter 0, pages 79-83, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-3-031-17513-8_9
    DOI: 10.1007/978-3-031-17513-8_9
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