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Basic income is commonly described as an amount of money that’s sufficient to ensure some pre-determined minimum standard of living. I have previously dismissed this characterization as inaccurate. But who am I to insist that the popular definition of basic income is wrong? Why should I not admit that this blog is about something slightly different?
The answer has to do with how we determine an appropriate minimum living standard. Does it ever make sense to draw the poverty line anywhere other than at its highest achievable level? I don’t think so. I see no reason why we should […]
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