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UBI: Universal Basic Income w/ Ben Phillips, ANU - EP126

Economics Explored

00:00

What Are the Different Models?

There's various models in terms of generosity. The most generous one that I've seen is really what the Greens are currently suggesting. And that is where you've got about $30,000 per year for every single adult in Australia. Going down from there you have more of a means tested approach or what in one of the papers we've called affluence testing. That is the higher income or the more wealth you've got the less you would receive so it's a little bit like means testing. There's other there's other versions that are similar. So things like a negative income tax that's where everybody gets like a tax refund but as your income increases, you lose some of that.

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