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The Pros and Cons of a Guaranteed National Income

May 12, 2015 in Economics

There is a growing consensus across the political spectrum that our current welfare system is not working as intended. Among the alternatives that have been gaining traction recently are proposals for some form of a guaranteed national income (GNI).  A new study from Michael D. Tanner argues that what sounds good in theory tends to break down when one looks at implementation. “There are serious trade-offs among cost, simplicity, and incentive structure,” says Tanner. “Attempts to solve problems in one area would raise questions in others.”

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