• 3 Posts
  • 38 Comments
Joined 1 year ago
cake
Cake day: July 1st, 2023

help-circle















  • administrative overhead costs

    The fundamental component of the Institute on Race and Political Economy’s plan is expanding the EITC, or Earned Income Tax Credit, an already existent program. Implementing MTBI through the EITC doesn’t increase costs anymore than a UBI would as the internal infrastructure already exists in the IRS. If you were to implement a UBI without the EITC, you’d either have to create an entirely new program through the Treasury Department or otherwise, and be able to find every person in the US to pay them with cash or cheque. That doesn’t sound like more administrative overhead? Maybe I’m biased because I particularly like the idea of an MTBI but just the implementation of a UBI sounds more of a practical nightmare than MT.

    any stigma from receiving it

    Cremer & Roeder, '15 suggest that a means tested system will have comparable stigma to other existing programs such as SNAP, which is high, but in the US political climate, there will be more support for a means tested system, and “political economy considerations do not appear to justify a universal system.” Although there is still a stigma associated, the net benefit of having political backing that’s miles ahead of a UBI makes it a much more realistic plan to pass in current day.

    flawed at the foundation

    I have given examples in other comments showing that MT works, mainly the Stockton trial, but I’m more than happy to provide empirical studies from other countries implementing MT on a larger scale.






  • I dislike UBI but not because I’m not for a basic income, I just think Means Testing would be better. I’ve said this before but now after being the runner-up in my state for debating on this topic I feel more confident talking about it. Ultimately there are many ways of implementing fiscal redistribution but means testing is substantially cheaper than a full UBI (especially in countries with higher populations, e.g. US), while also providing social utility and enabling recipients of the basic income to have more resources. Not only is MT better from this standpoint but a UBI can also worsen inflation by increasing the dollar’s velocity (1 dollar changes hands more). I won’t deny that most people could use money, especially right now, but a UBI is not the best approach in my mind because of these reasons. Of course I am still in highschool, am not an economics expert, and MT was the plan that we ran in tournament so I’m a bit biased.

    ETA: This is all keeping in mind the current political and economic climate of the United States, where realistically neither of these plans will pass but I believe MT has more merit to being passed compared to UBI. If you’d like any sources on what I’ve said I’d be happy to share!