An efficiency argument for the Basic Income Guarantee

Abstract

The most important issue in equality – if not in all economic policy – is the persistence of poverty. This chapter argues that anti-poverty policy needs to move away from the categorical approach towards universalism, specifically in the form of a Basic Income Guarantee. This chapter argues that the Basic Income Guarantee, in any of its various versions is the most efficient and comprehensive method to attack poverty. It can also be used as part of a strategy for environmental protection.