Guaranteed income, like the recent announcement by RG, or of Govt, is not at all a usual gimmick. If looked at in this way.
A society comprising of people who can take care of themselves, can continue to flourish, if nothing occurs to prevent it. The aim of every welfare state should be to become one such society.
Because of extreme disparity, some people are not in a position to look after their needs, and, to help them there, welfare measures are introduced by the state. Hence, the state's attention needs to be on removal of such disparities. This is what all welfare states do.
The issue here is, only an insignificant part of the money spent reaches the needy, the expenses of running a huge governmental machinery taking the rest, and the disparities continuing to exist. How much ever be the outlay, only part, a small amount, will reach the needy. In case of guaranteed income, these expenses can be minimized, since there can be direct payment. The money, then shall get circulated through the hands of many small and big players. Which means, almost all of it gets transacted, each and every member of the society standing to gain. Since all of this points to a greater value for velocity of money, a small outlay should be leading to a big benefit.
A society comprising of people who can take care of themselves, can continue to flourish, if nothing occurs to prevent it. The aim of every welfare state should be to become one such society.
Because of extreme disparity, some people are not in a position to look after their needs, and, to help them there, welfare measures are introduced by the state. Hence, the state's attention needs to be on removal of such disparities. This is what all welfare states do.
The issue here is, only an insignificant part of the money spent reaches the needy, the expenses of running a huge governmental machinery taking the rest, and the disparities continuing to exist. How much ever be the outlay, only part, a small amount, will reach the needy. In case of guaranteed income, these expenses can be minimized, since there can be direct payment. The money, then shall get circulated through the hands of many small and big players. Which means, almost all of it gets transacted, each and every member of the society standing to gain. Since all of this points to a greater value for velocity of money, a small outlay should be leading to a big benefit.
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