Basic Income: A Simple and Powerful Idea for the Twenty-First Century

Abstract:

A basic income (or demogrant) is an income paid by a political community to all its members on an individual basis, without means test or work requirement. This article surveys the various forms the basic income proposal has taken and how they relate to kin ideas; synthesizes the central case for basic income, as a strategy against both poverty and unemployment; examines the question of whether and in what sense a universal basic income is affordable; and discusses the most promising next steps towards it, both in the North and in the South.