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Is a Citizen’s Income Financially Feasible? Part One: Fiscal Feasibility

In: The Feasibility of Citizen's Income

Author

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  • Malcolm Torry

Abstract

This chapter asks whether Citizen’s Income is fiscally feasible—that is, whether it can be paid for. Two scenarios are discussed: (a) Citizen’s Incomes funded from within the current tax and benefits system with no additional public expenditure; and (b) Citizen’s Incomes funded from new taxes or from government money creation. Feasibility under scenario (a) is relatively easy to establish given appropriate levels of Citizen’s Income and related adjustments to existing benefits and tax allowances. The feasibility test is simply that no additional public expenditure will be required. Fiscal feasibility under scenario (b) is more difficult to establish. Throughout, the levels at which Citizen’s Incomes are paid and the mechanisms employed to pay for them are related questions.

Suggested Citation

  • Malcolm Torry, 2016. "Is a Citizen’s Income Financially Feasible? Part One: Fiscal Feasibility," Exploring the Basic Income Guarantee, in: The Feasibility of Citizen's Income, chapter 0, pages 39-65, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-1-137-53078-3_3
    DOI: 10.1057/978-1-137-53078-3_3
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