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Policy Design Details

The details of a policy can fundamentally transform its effects. For example, a basic income that replaces all other welfare appeals greatly to conservatives and libertarians, while one that supplements the existing welfare state appeals to progressives.

To evaluate any policy in full, we must know the details of its implementation.
Using conservative estimates, LVT could raise enough funding to cover the entirety of either Defense spending, Social Security, or Medicare + Medicaid (roughly $1.1 trillion per year). More optimistic estimates suggest LVT revenues could reach $3.36 trillion per year, nearly enough to cover the entire federal budget. A universal earned income tax credit (refundable up to the first $10,000 on income) would cost roughly $1.3 trillion per year. Primary income-support welfare programs that could be consolidated into a single basic income include: earned income tax credit (EITC), Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps), temporary assistance for needy families (TANF), and supplemental security income (SSI). A $500 per month UBI would more than compensate for the loss of SNAP and/or EITC benefits. Relative to annual payments, more frequent, periodic payments of the EITC indicates that periodic payments reduce perceived financial stress, diminish debt accumulation and late fees, and improve mental health. Board-level representation is only one piece of the comprehensive codetermination regulatory strategy as practiced in Europe. Without a supporting framework that includes representation from the group up, codetermination may be less successful in the US.
Jain Family Institute Position on Guaranteed Income Guaranteed Income: SSI and the Well-Being of the Elderly Poor Guaranteed Income for the 21st Century NIT Picking: The macroeconomic effects of a negative income tax Reweaving the Safety Net: The Best Fit For Guaranteed Income The Relative Costs of a UBI and a NIT
Kathleen McGarry Kelly Capatosto Ari Glogower Kyle Strickland Naomi Zewde Darrick Hamilton Martin Lopez-Daneri Stephen Nuñez
Basic Income Social Wealth Fund Codetermination Land Value Tax
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