Basic Income versus Basic Capital
This chapter considers the egalitarian proposal of enforcing a right to unconditional cash. It discusses when the payment should be made—in a lump sum at the beginning of individuals’ adult lives (as proponents of the basic capital grant argue), or in regular installments throughout people’s adult lives (as proponents of the basic income guarantee argue). Drawing on the previously developed temporal framework, the chapter provides an original account of the values underpinning the policies. A number of claims found throughout the literature are systematized and novel arguments are added along the way. The chapter concludes both that the debate between the two policy proposals is best described as a conflict about the temporality of justice and proposes that basic income be the baseline of egalitarian unconditional cash policies. Recognizing the diachronic power of basic capital, though, the chapter ends with an original version of basic income that incorporates a baby bond.