I’m actually in favor of this. It’s a pretty big improvement on a network of programs you have to qualify for and which have to be administered by bureaucrats. It’s also a lot more fair, because it goes out to everybody, whether they need it or not. The big mistake here is that they’re shooting too high for an initial program. A monthly income of $2600 is just a couple of kilocreds more than the Swiss median income, which means the proposal will shock people into opposing it who might be interested in supporting it at a lower dollar amount. Why not start with a guaranteed income of $50?
In the US, of course there are other complications. No not socialism. We’ve already got that, with the earned income tax credit, and the standard income deduction. I mean, federalism, what little there is left of it. It’s bad enough having a personal relationship with our savior the IRS, in which they giveth and taketh away, and nobody can say to them, “what have you done”. At least most everybody knows the tax man is scary: He can garnish your wages, put liens on your property, and freeze your bank account (abolish the 16th amendment!). What happens to poor federalism when Uncle Sam starts moving in from his avuncular role and starts applying for custody? Do the kids want him? Well, yes. He gives them candy. But where does he get the candy? Well, he steals it from the states.
I’d like to see a rudimentary guaranteed income. It’s an interesting idea. But let’s have a city try it, a county; maybe a state. The fed doesn’t have to adopt us for everything, does it?