The intellectual underpinning of a government-guaranteed basic income fails to overcome several objections on historical, economic, and moral grounds. But if it ever did, the adoption of a basic-income guarantee would deserve only cautious consideration because major policy changes always have numerous unknown and often irreversible consequences.
Robert M. Whaples is a Senior Fellow at the Independent Institute and Co-Editor of The Independent Review.
EconomyEntitlements and WelfareFederal Budget PolicyFederal Tax PolicyFree Market EconomicsGovernment and PoliticsPublic ChoiceSocial SecurityTaxesTaxes and Budget
Other Independent Review articles by Robert M. Whaples
Summer 2024 The Journey of Humanity: The Origins of Wealth and Inequality
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Summer 2024 These United States: Our Nation’s Geography, History and People
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