I recently completed some simple, “back-of-the-envelope” estimates the net cost of a UBI set at about the official poverty line: $12,000 per adult and $6,000 per child with a 50% “marginal tax rate.” They are in a paper entitled, “the Cost of Basic Income: Back-of-the-Envelope Calculations.” It’s currently under peer-review at an academic journal and available in un-reviewed form on my website.
Here are some of its most important findings:
This article was originally published by Karl's blog, The Independentarian, from Beaufort, North Carolina, on May 26, 2017.
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KARL WIDERQUIST, Ph.D. is a Professor of political philosophy at SFS-Qatar, Georgetown University, specializing in distributive justice—the ethics of who has what. He has published seven books, including "Prehistoric Myths in Modern Political Philosophy" (Edinburgh University Press 2017, coauthored by Grant S. McCall), "Independence, Propertylessness, and Basic Income: A Theory of Freedom as the Power to Say No" (Palgrave Macmillan 2013), and "Basic Income: An Anthology of Contemporary Research" (Wiley-Blackwell 2013). He is a co-founder of the journal Basic Income Studies, the only academic journal devoted to research on Basic Income. Widerquist has published dozens of articles both in the popular media and in academic journals (such as Political Studies; the Eastern Economic Journal; Politics and Society; and Politics, Philosophy, and Economics). He holds two doctorates—one in Political Theory form Oxford University (2006) and one in Economics from the City University of New York (1996). He writes the blog "the Indepentarian" for Basic Income News.
He has appeared on or been quoted by many major media outlets, such as NPR’s On Point, NPR’s Marketplace, PRI’s the World, CNBC, Al-Jazeera, 538, Vice, Dissent, the New York Times, Forbes, the Financial Times, and the Atlantic Monthly, which called him “a leader of the worldwide basic income movement.”