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Economic Justice, Featured, Green Ideas in Action
How Much Does a Basic Income Cost?
When discussing the topic of a Basic Income, the cost of the program is often people’s first question. After all, if the program were to deliver “an unconditional livable wage to every permanent resident” when the Henderson poverty line is ~$24,000/year and the population of Australia is ~24,600,000, back of the envelope calculations cost a Basic Income at approximately $590,000,000,000/year! Where would you even get that kind of money? The question of whether or not it is rational, ethical or politically feasible to transfer this wealth is one that has been discussed at length elsewhere. The intent of this article [...]
