This guy gets the appeal of a basic income: Shutterstock
[Craig Axford]
This post argues the wonderful thing about Social Security is that it targets a specific problem, senior poverty, and it gives seniors cash directly to fight it. A basic income guarantee would, according to the author, function largely the same way.
Dylan Matthews, “Giving everyone a basic income would work for the same reasons Social Security does”, Vox, July 30, 2014
These mean based schemes are too complex to assign to such a simple solution. The basic income scheme need only take the form of a tax free income paid to every human being once per month, 12 times per year in an amount that will satisfy basic living expenses. Economists need not speculate on a feasible scheme. This is not a financing issue. This is a Human Rights issue.