The utilitarian case against the universal basic income
Keyword(s):
The universal basic income (UBI) is morally desirable because it makes peoples' lives better: If a UBI were to be implemented, average and total welfare in the population would significantly increase. However, I argue that a non-universal basic income that is adjusted for people's prior income and wealth (and which therefore takes into account the diminishing marginal utility of money on individual welfare) is more effective than the UBI at maximizing welfare in a population. If we sincerely care about the utilitarian goal of the UBI, then non-universal basic income schemes that are better at achieving that goal should be considered both in theory as well as in practice.
2019 ◽
2013 ◽
Vol 103
(6)
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pp. 2499-2529
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2015 ◽
Vol 14
(06)
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pp. 1263-1284
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