Free Money for All A Basic Income Guarantee Solution for the Twenty-
A basic income guarantee (BIG) is a payment by the federal government to all adult citizens. This book uses the United States as its model and sets the minimum income at $10,000 USD. Free Money for All seeks to show that not only is a basic income guarant
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sic Income and the Free Market: Austrian Economics and the Potential for Efficient Redistribution Edited by Guinevere Liberty Nell Basic Income in Japan: Prospects for a Radical Idea in a Transforming Welfare State Edited by Yannick Vanderborght and Toru Yamamori Free Money for All: A Basic Income Guarantee Solution for the Twenty-First Century Mark Walker
Free Money for All A Basic Income Guarantee Solution for the Twenty-First Century Mark Walker
FREE MONEY FOR ALL
Copyright © Mark Walker 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-47132-1 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission. In accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 2016 by PALGRAVE MACMILLAN The author has asserted their right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire, RG21 6XS. Palgrave Macmillan in the US is a division of Nature America, Inc., One New York Plaza, Suite 4500, New York, NY 10004-1562. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. ISBN: 978-1-349-56125-4 E-PDF ISBN: 978-1-137-47133-8 DOI: 10.1057/9781137471338 Distribution in the UK, Europe and the rest of the world is by Palgrave Macmillan®, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Library of Congress Cataloging-in-Publication Data Walker, Mark, 1963– Free money for all : a basic income guarantee solution for the twenty-first century / Mark Walker. pages cm.—(Exploring the basic income guarantee) Includes bibliographical references and index. 1. Guaranteed annual income. 2. Income maintenance programs. I. Title. HC79.I5W334 2015 362.5⬘82—dc23
2015021526
A catalogue record for the book is available from the British Library.
C on t en t s
List of Figures and Tables
vii
Acknowledgments
ix
1 Basic Income Guarantee
1
2 Paying for Basic Income Guarantee
19
3 Fulltime Capitalism: Basic Income Guarantee as a Dividend from State Capital
41
4 Capitalism: Consequentialism versus Rights
67
5 Peace, Robots, and Technological Unemployment
93
6 BIG Happiness
119
7 BIG Freedom
143
8 A BIG Future
177
9 Concluding Unscientific Postscript
211
Notes
215
References
235
Index
247
Figur es a nd Ta bl es
Figures 2.1 5.1
The relati
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