General outline of a basic income

In other posts we have discussed the ideas behind a basic income. Here we will propose a general outline of a system for a basic income guarantee. Basically there are two types of basic income:

  • a one-time lump sum payment at a certain age (as was proposed by Thomas Paine in the 1790s in his essay Agrarian Justice)
  • a periodic payment of a certain amount of money (most modern proposals).

We propose that every citizen of 16 years of age and older will receive a monthly payment of about 1,000 talent [1].

In the case of minors – i.e. those below the age of 16, their parents will receive the money. The principle is that the parent who actually care for the child will receive the money. However the amount of money will be age adjusted.

We are in favour of Robin Baker’s system of “child equivalents”. A baby counts for one child equivalent, a toddler for two, a ten-year old for three and a teenager for four. For each child equivalent the parent will receive 250 talents. The logic behind this system is that older children have more expensive needs.

Suppose Alice has three children: one toddler, a ten-year-old and a fourteen-year-old. This will equal nine child equivalents or 2,250 talent. If Alice has no additional income, she would receive every month 3,250 talent.

For people who cannot work because of a physical or mental disability, there will be a supplement. People above the age of 70 years will also get a supplement.

[1] The numbers presented in this post are intended to make the system less abstract.

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10 thoughts on “General outline of a basic income”

  1. You’re going to be branded as communists with these policies. However, implemented in a closed system, indeed, a metal hull, I have always wondered how the economics would work. Most generation ship novels do not address this problem. I have done book reviews for five such novels. Search “generation ship” on http://www.norberthaupt.com and you can see them. In essence, a space colony is nothing but a generation ship that isn’t traveling to another star. Except, perhaps, a space colony can purchase provisions from the home planet, something a generation ship cannot do.

    1. >>You’re going to be branded as communists with these policies.

      Some people don’t know what communism is, but it’s good to know that similar policies have been proposed by right-wingers like Milton Friedman and Friedrich Hayek.

      >>In essence, a space colony is nothing but a generation ship that isn’t traveling to another star.

      Absolutely true.

      >>However, implemented in a closed system, indeed, a metal hull, I have always wondered how the economics would work. Most generation ship novels do not address this problem.

      That’s very regretful, since this is an important issue.

      >>I have done book reviews for five such novels.

      When time permits, I will look at those.

  2. I am wondering if you have already discussed what language will be used? I was thinking of this because in WP we communicate with so many from different countries. Even if English is used here, there can be some misunderstanding in comments.
    English is not my husband’s first language and although he has spoken it for years, there still are idioms etc that can cause miscommunication. So was just wondering as your space settlement would surely be made up of people from different countries.

      1. I am impressed too. I don’t understand half of it 😦 but every once in a while I do. 🙂
        Mordanicus is so sweet to put up with me. (don’t tell him I said this) I do tease him a bit too.
        Isn’t it great that WordPress can make friends of the most unlikely people? I guess we are similar in one way. We are all heathens. 🙂

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