Jan 28, 2016

Money for the poor has to come from the rich? Not so.

These are the simple reasons why a basic income for all could transform our society for the better (Jan 2016). While the writer, Caroline Lucas, is strongly in favor of a universal basic income, she thinks that a basic income must be redistributive.
"Crucially this is a policy designed to be redistributive – costing those with the most money more."
A universal basic income need not be redistributive, or as more colorfully described, robbing from the rich and hardworking to give to the poor and lazy.

If money for the poor is not coming from the rich, where is it coming from?

Almost all governments have been quietly confiscating their countries' wealth from their rightful owners, i.e., the citizens. Just by returning the confiscated wealth to every citizen, there will be quite a lot of money for everyone, poor or rich.

The idea of returning wealth to citizens is described in this great book:

Oil to Cash: Fighting the Resource Curse through Cash Transfers

"How can citizens truly benefit from national wealth?"

"Just give the money directly to citizens."

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