Forbes, one of the top business magazines in the United States is now discussing Basic Income (BI). Tim Worstall, a regular contributor to Forbes on business and Technology writes “a universal basic income … would solve many of our economic problems. It’s not quite the miracle panacea but it is still pretty good all the same.” He argues against the claim that technological unemployment will make BI a necessity, but argues in favor of it on the basis of eliminating the huge effective marginal tax rates experienced by people with little or no private income.
Tim Worstall
Tim Worstall, “An Unconditional Basic Income Is The Solution But The Important Word Here Is Basic” Forbes, July 12, 2013
