Could guaranteed basic income replace the welfare system? | Daily Citizen News
Georgia is the latest state to experiment with something called a “guaranteed basic income.” It will be interesting to see if these pilot projects can avoid the same pitfalls as the welfare system they’re intended to supplement — and might be better off simply replacing.
The premise of the guaranteed basic income is that there should be a minimum level of income for all Americans. Those who fall short with what they earn from their job would receive a monthly supplement funded by taxpayers…
My friends at the Georgia Center for Opportunity have done as much work on this particular topic as anyone I know. They call the traps built by our system “welfare cliffs,” because of the sudden, sharp drop people experience when they take a small financial step forward.