{"insight":{"id":"99763898","lede":"While it's tempting to evaluate guaranteed income programs based on their sticker price, evaluating their overall impact requires factoring in the effects of funding strategies, such as taxes used to offset program costs.","slug":"the-overall-effects-of-any-guaranteed-income-program-depend-on-both-the-benefit-p","title":"The overall effects of any guaranteed income program depend on both the benefit payouts and the effects of taxes used to pay for the program.","showTitleAsQuote":null,"epistemicStatus":"theoretical","reports":[{"id":"19519421","title":"Basic Income","slug":"basic-income"}],"tags":[{"slug":"growth","name":"Growth","id":"23932836","lede":"

We define growth as the expansion of wealth in society; growth is about generating a "a bigger pie".

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Amidst debates over the merits of continued growth, we begin with the idea that all else equal, a society with growth, with more wealth, is preferable to one with less. Without growth, society becomes a zero-sum distributional game: anyone's gain is another's loss. Growth (all else equal) enables shared prosperity.

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But there is broad agreement that current measures of growth, such as GDP, are inadequate to the task of providing a suitable proxy to guide further growth. Whether devising improved measures that account for missing elements such as sustainability, equity, leisure time, or digital value, or constructing altogether new proxies (OECD's Better Life Index, for example), the conversation about how best to measure, and thus drive, equitable, regenerative, socially desirable growth is a rich field of debate.

\n","ledeExcerpt":"We define growth as the expansion of wealth in society; growth is about generating a \"a bigger pie\".\n\nAmidst debates over the merits of continued growth, we begin with the idea that *all else equal*, a society with growth, with more wealth, is preferable to one with less. Without growth, society becomes a zero-sum distributional game: anyone's gain is another's loss. Growth (all else equal) enables shared prosperity.\n\nBut there is broad agreement that current measures of growth, such as GDP, are inadequate to the task of providing a suitable proxy to guide further growth. Whether devising revised measures, such as Tyler Cowen's notion of wealth plus\" (GDP, plus measures of leisure time, household production, and environmental considerations), or constructing altogether new proxies (OECD's 'Better Life Index), the conversation about how best to measure, and thus drive, equitable, regenerative, socially desirable growth is a rich field of debate.","featured":true},{"slug":"pay-fors","name":"Pay-Fors","id":"99763897","lede":"

Public policies that require significant revenue often meet an important question: "how will you pay for that?" Pay-fors are potential sources of funding.

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While it should be noted that tax revenue does not actually fund government spending, pay-fors are important to manage inflation by offsetting government spending.

\n","ledeExcerpt":"Public policies that require significant revenue often meet an important question: \"how will you pay for that?\" Pay-fors are potential sources of funding.\n\nWhile it should be noted that tax revenue does not actually fund government spending, pay-fors are important to manage inflation by offsetting government spending.","featured":null}],"sources":[{"id":"99763896","lede":"JFI, a research organization dedicated to studying guaranteed income, released this position paper, in which they outline their current view regarding next steps for implementing a guaranteed income. They write: \"universal, unconditional cash assistance program will help combat poverty, improve material well being and, in so doing, help alleviate the profound economic insecurity afflicting communities of color in America. With such a program now in the realm of feasibility, we believe the urgent work ahead is, in short, getting it right.\"","link":"https://www.jainfamilyinstitute.org/assets/jfi-gi-position-paper-august-2021.pdf","slug":"jain-family-institute-position-on-guaranteed-income","kind":"Report","title":"Jain Family Institute Position on Guaranteed Income","year":"2021-01-01","researchers":[]}]}}