I love to read articles and books about basic income. But I often find myself disappointed whenever the cost of a basic income is discussed. Both proponents and opponents seems to experience a lot of cognitive dissonance by the high Gross cost . The otherwise interesting discussion usually end shortly after a calculation of the Gross cost is presented. But is gross cost a useful metric when comparing the welfare model to the basic income model?
TL;DR No.
Let me start by creating a simple example. I start of by dividing the population into 5 groups based on their income. Group […]
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