Kyle McCarthy, "The 'Basic Income' Trap"

[Josh Martin]

In this post McCarthy analyzes the choice of the After Party to support a basic income, claiming that the basic income movement is, “at best a waste of time, and at worst a trap that will feed our rights to Wall Street.”  He attacks Charles Murray’s basic income proposal and urges his readers to see through this novel economic theorem.

Kyle McCarthy, “The ‘Basic Income’ Trap“, Against Austerity, 2 June 2014.

Source: https://againstausterity.org/blog/basic-income-trap?nopaging=1

Source: https://againstausterity.org/blog/basic-income-trap?nopaging=1

Sandra Kilhof, “Why unconditional basic income is no more than a socialist fairytale.”

SUMMARY: The author argues, unconditional basic income is being heralded as the solution to all of Europe’s financial problems, but the salary for everyone is not all it’s cracked up to be, because UBI fails most financial feasibility tests. She concludes, “An unconditional basic income discourages career progression and innovation, could potentially have detrimental economic effects and relies on a non-binding social contract. This leaves many questions unanswered on the possible effects of UBI, suggesting a basic income is not so much a solution to all our problems, but a utopian nightmare we’d do best to wake up from soon.”

Sandra Kilhof, “Why unconditional basic income is no more than a socialist fairytale.The New Economy, June 11th, 2014.

Swiss franc notes (above). Critics argue unconditional basic income will give people money for no cause (the New Economy)

Swiss franc notes (above). Critics argue unconditional basic income will give people money for no cause (the New Economy)

Jeremiah Luttrell, “Basic Income in America: Welfare Aid in Direct Cash.”

Jeremiah Luttrell writes the Common Progress blog which is dedicated “to politically balance progressivism with right-libertarianism in the United States.” In this article, he endorses the name “basic income” but not the policy, opting instead for a work-conditional program, writing “Even though by definition the Basic Income is given unconditionally, we believe it’s strategically wise to include a work requirement or professional development requirement so there’s no disincentive to work.”

Jeremiah Luttrell, “Basic Income in America: Welfare Aid in Direct Cash.Common Progress, May 20, 2014.

Via Common Progress

Via Common Progress

Jehu, “How the basic income scheme could become the Left’s worst nightmare”

[Josh Martin]

In this post Jehu discusses the basic income’s effect on real and nominal wages as a product of the combination of Keynesian system and the Speenhamland System.  Jehu then argues that this basic income could be funded by a consumption tax.

Jehu, “How the basic income scheme could become the Left’s worst nightmare”, The Real Movement, 27 April 2014

Source: https://therealmovement.wordpress.com/2014/04/27/how-the-basic-income-scheme-could-become-the-lefts-worst-nightmare/

Source: The Real Movement

Reihan Salam, “Unconditional basic income? You're kidding: Slate opinion”

SUMMARY: The author argues, “I think that no-strings-attached money is a dangerously bad idea and that it would do far more to undermine poverty-fighting efforts than it would to strengthen them. I also think that meddlesome caseworkers are the unsung heroes of the fight against poverty. … New York City is on the cusp of a grand experiment to increase the flow of no-strings-attached money to its poor citizens. This will end badly. … There is far more to say about how we can fix America’s social welfare programs. But before we can expand them or shrink them or modernize them, we must first ensure that they rest on a solid moral foundation. And that, ultimately, is what work requirements are all about.”

Reihan Salam, writes for Slate and the National Review. He is the co-author, with Ross Douthat, of Grand New Party: How Republicans Can Win the Working Class and Save the American Dream.

Reihan Salam, “Unconditional basic income? You’re kidding: Slate opinion,” The Oregonian, June 5, 2014.

New York City's new mayor, Bill de Blasiot -via the Oregonian. His team has "announced their intention to ease the enforcement of work requirements. They will no longer require that food-stamp applicants provide proof of their housing expenses, nor will they ask able-bodied adults without children to look for work in exchange for food stamps."

New York City's new mayor, Bill de Blasiot via the Oregonian. His team has "announced their intention to ease the enforcement of work requirements. They will no longer require that food-stamp applicants provide proof of their housing expenses, nor will they ask able-bodied adults without children to look for work in exchange for food stamps."