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Geoff Simmons and Gareth Morgan, “UBI: the radical solution to tax and work which even Silicon Valley is now investigating”

Geoff Simmons and Gareth Morgan, economists at New Zealand’s Gareth Morgan Foundation, have called universal basic income (UBI) an “idea whose time has come” — pointing out that we already know (at least) ten types of people who would be better off with a UBI, even without waiting for results from impending experiments.

As they claim in the recent article, however, we don’t yet know enough about how to finance a UBI:

[T]he real challenge of any UBI proposal is the fiscal cost and how it is to be funded. In order to be credible, any proposal has to outline the cost and indicate who specifically is supposed to pay for it. This is the hard part, where there are winners and losers. Instead the overseas pilots are testing the easy stuff and ignoring the difficult issue, which is their glaring weakness.

Simmons and Morgan’s column sends an important and valuable message, which we should all consider as we press forward in the global movement for universal basic income.

Read the full article here:

Geoff Simmons and Gareth Morgan, “UBI: the radical solution to tax and work which even Silicon Valley is now investigating,” The Spinoff, June 21, 2016.

Image: Geoff Simmons speaks on basic income on Gareth Morgan’s YouTube channel. 

Kate McFarland

About Kate McFarland

Kate McFarland has written 501 articles.

I mostly do stuff that interests me and wait and see where it leads next. I presently have not much idea at all, and that's the wonder and the excitement of it. I do not attempt to sell my writing or other labors of love; however, I accept donations on Patreon (where all content is free and none "patron only") and PayPal.

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The views expressed in this Op-Ed piece are solely those of the author and do not necessarily represent the view of Basic Income News or BIEN. BIEN and Basic Income News do not endorse any particular policy, but Basic Income News welcomes discussion from all points of view in its Op-Ed section.

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