All monetary policy is experimental to some extent… but you don’t need to start with the big money.
Here in Australia average full time salary is $80k. I don’t really know but maybe an appropriate UBI in a utopia might be half of that, or lets just say $3k a month. You wouldn’t just start transferring $3k to everyone’s bank account every month and see how it goes.
You’d start with a small refundable negative tax. We already have these in our tax system they’re called rebates or offsets. You don’t start with $3k a month, start with maybe $2k a year. So everyone pays $2k less tax every year, and people that pay less than that in a full year would get the balance refunded to them.
With something like this it would be fairly easy to measure whether or not it’s providing the purported benefits.
What proof would be satisfactory though?
All monetary policy is experimental to some extent… but you don’t need to start with the big money.
Here in Australia average full time salary is $80k. I don’t really know but maybe an appropriate UBI in a utopia might be half of that, or lets just say $3k a month. You wouldn’t just start transferring $3k to everyone’s bank account every month and see how it goes.
You’d start with a small refundable negative tax. We already have these in our tax system they’re called rebates or offsets. You don’t start with $3k a month, start with maybe $2k a year. So everyone pays $2k less tax every year, and people that pay less than that in a full year would get the balance refunded to them.
With something like this it would be fairly easy to measure whether or not it’s providing the purported benefits.