While what's good for a tiny island might not be good for the gander, I like the attached cost analysis of a negative income tax. The author points out that this might be a more practical way to deliver a basic income, and more amenable to both sides of the argument.
And at more or less no greater cost than the welfare system at time of writing. I wonder how the numbers would shake out now?
This doesn't sound terribly different from eg Alaska's Permanent Fund payouts? The main difference seems to be that PF payments fluctuate a lot, while the Marshalls plan seems to be a fixed, predictable sum.
It is very similar but works differently. Also the two programs do not have the same intent.
The US has a Compact of Free Assocation (COFA) with the Marshall Islands, which provides a lot of the funds for this. Versus Alaska where it is paid for by natural resource extraction. All that said, it is the government of the Marshall Islands making the decision to pay it out this way.
From the US point of view, this is a good program because it incentivizes people from the Marshall Islands to stay put rather than emigrate to the US mainland (which they have a right to do under the COFA).
Universal basic income means something you can live on. You cannot live on $800/mo without support so that is not really UBI. UBI means you don't need external support to sustain comfortable living. That's its entire purpose.
This page https://wage.is/marshall-islands/ claims the average is US$168000 per year and the median US$9600 per year. [My guess is that the poverty line is close to US$5000 per year, probably higher.] This program adds US$800 per year. So it's a "universal partial basic income" instead of a "universal total basic income".
In all the discussion I remember, "universal basic income" == "universal total basic income" but perhaps I was not paying too much attention.
And at more or less no greater cost than the welfare system at time of writing. I wonder how the numbers would shake out now?
https://martin-farley.medium.com/how-a-negative-income-tax-c...
The US has a Compact of Free Assocation (COFA) with the Marshall Islands, which provides a lot of the funds for this. Versus Alaska where it is paid for by natural resource extraction. All that said, it is the government of the Marshall Islands making the decision to pay it out this way.
From the US point of view, this is a good program because it incentivizes people from the Marshall Islands to stay put rather than emigrate to the US mainland (which they have a right to do under the COFA).
Details aren't as sexy as the headline would lead one to believe.
This UBI is 37% of the poverty line, and the % living in poverty has dropped from 7.2% to 1.3%. https://documents1.worldbank.org/curated/en/0997063042125181...
In all the discussion I remember, "universal basic income" == "universal total basic income" but perhaps I was not paying too much attention.
This payment is 37% of the poverty line. Poverty has been reduced from 7.2% to 1.3%. https://documents1.worldbank.org/curated/en/0997063042125181...