To implement a basic income, several key considerations must be taken into account. Torry’s work emphasizes the simplicity and flexibility of a basic income, advocating for its feasibility across various dimensions such as financial, administrative, and political . Fleischer and Hemel propose a universal basic income (UBI) of $6000 per person per year, paid to all citizens and lawful permanent residents, with specific recommendations for policymakers on financing and implementation . Sommer discusses the economic suitability of a negative income tax (NIT) as a means to provide a minimum income, highlighting its transparency in the tax-and-transfer system . Overall, […]
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