TITLE

Economic Security in the Twenty-First Century: How Guaranteed Annual Income (GAI) Confronts Multiple Imperatives

AUTHOR(S)
Pereira, Richard
PUB. DATE
January 2014
SOURCE
Homo Oeconomicus;2014, Vol. 31 Issue 1/2, p159
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
As formal market employment becomes more fragmented, leading to longer and more frequent periods of unemployment and underemployment, incomes become radically insecure. Basic income or GAI (guaranteed annual income) offers not only an opportunity to address this deepening phenomenon, but it offers the potential to consolidate numerous overlapping, stigmatizing and wasteful bureaucratic programs which can realize a cost savings if transformed into a universal GAI. Common assets from mineral wealth to forests and the broadcast spectrum are practically given away in light of the vast economic rent they generate. Capturing this rent and addressing other leakages in the tax and financial system - from tax havens to excessive financial speculation - can provide multiple revenue and savings sources to form a GAI program in Canada and other jurisdictions. Ecological and other imperatives can be mitigated when basic income empowers citizens to resist the most socially harmful and polluting forms of employment to opt for more sustainable alternatives.
ACCESSION #
111377166

 

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