The universality principle scares the hell out of progressives, and it should.
It might have come as a major surprise to see libertarians fighting for basic income guarantee ( see our last post ). Switching the perspectives completely, SmallTalkEconomics now presents the rationale of why the progressives oppose such policy.
The first and foremost objection to basic income guarantee (BIG) is its fiscal feasibility. Many economists have done more or less sophisticated calculations proving BIG to be either too expensive ( Henderson 2015 ) or fiscally neutral ( Garfinkel et al. 2003 ). Despite the non-existing consensus, both estimates share […]
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