Extreme poverty and human rights on universal basic income 2017, para. 58
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- Van Parijs and Vanderborght admit that a universal basic income at 25 per cent of GDP per capita would result in “far higher rates of taxation because of the need to keep funding other public expenditures”. They then proceed to point to some (relatively small-scale) basic income experiments, negative income tax experiments and econometric models, none of which provides a clear answer on affordability. After discussing alternative financing models, such as taxes on capital, nature, money and consumption, they conclude that “none of these alternative sources offers a panacea, or any robust assurance that a generous basic income is economically sustainable, or any reason to believe that, in the short run at any rate, we can dispense with the income tax”. That leads them to explore alternatives to their core idea of a universal basic income — including a categorical basic income, a household basic income and tax surcharge, and their preferred alternative, a partial basic income: “one that makes no claim to being sufficient to live on if one lives alone”.
- Legal status
- Non-negotiated soft law
- Body
- Special Rapporteur on extreme poverty and human rights
- Document type
- Special Procedures' report
- Means of adoption
- N.A.
- Topic(s)
- Governance & Rule of Law
- Person(s) affected
- N.A.
- Year
- 2017
- Paragraph type
- Other
- Paragraph number
- 58
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