The use of the word "benefits" implies that the idea of Basic Income has
simply not been understood. The whole point is to remove the concept of
"benefit". The basic income is like a negative "lump sum tax" so
admired as an unattainable theoretical ideal in the text books as
providing zero market distortion. It provides no disincentive to work,
no enormous marginal tax-rate as is inherent in a benefit system. Of
course, it removes actual hunger and misery as an incentive to work, but
it shares that characteristic with the moral hazards of the well off, as
listed above.
Walter Stanners
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