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Tackle poverty with income guarantee
Friday, July 6th, 2012
July 5, 2012
A guaranteed income would ensure that nobody is stuck in the poverty traps of higher prices and entry barriers to social participation – precisely the factors that force lower-income citizens into a focus on survival until the next meal or paycheque, rather than being able to plan ahead… The simple step of protecting workers from severe income risk could then create positive spillover effects in other policy areas. The Mincome program produced a plunge in health-care expenses, while the range of social costs associated with poverty and inequality would also be reduced.
Tags: budget, economy, featured, Health, ideology, participation, poverty, standard of living
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