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The Cost of Universal Basic Income: Public Savings and Programme Redundancy Exceed Cost

In: Financing Basic Income

Author

Listed:
  • Richard Pereira

    (York University)

Abstract

This chapter addresses the cost objection to basic income, which rests upon the claims that (a) it is too expensive to implement, and (b) that personal income taxes will have to be raised to such a high level as to make it politically infeasible. A Canadian case study is used to demonstrate that the cost savings of implementing basic income are often greatly underestimated or neglected, and that personal income taxes do not need to be raised. Personal income taxes could be reduced while implementing a decent basic income.

Suggested Citation

  • Richard Pereira, 2023. "The Cost of Universal Basic Income: Public Savings and Programme Redundancy Exceed Cost," Exploring the Basic Income Guarantee, in: Richard Pereira (ed.), Financing Basic Income, edition 2, chapter 0, pages 9-46, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-3-031-29012-1_2
    DOI: 10.1007/978-3-031-29012-1_2
    as

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