There are people on the internet who imagine some sort of Basic Income paid for using ‘new money’ of some kind.

But the Basic Income schemes being seriously considered by major political parties or presidential candidates are usually ones that are ‘funded’ in a rather traditional way, through taxation. The government will pay more out in total, but it will also collect more in taxes. Neither average incomes nor government borrowing nor the money supply need to be any higher than they are now.

Tech Fan, Philosopher, Economist and Basic Income advocate.

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