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Why we need a Citizen's Basic Income$
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Malcolm Torry

Print publication date: 2018

Print ISBN-13: 9781447343158

Published to Policy Press Scholarship Online: January 2019

DOI: 10.1332/policypress/9781447343158.001.0001

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A brief summary1

A brief summary1

Chapter:
(p.193) Twelve A brief summary1
Source:
Why we need a Citizen's Basic Income
Author(s):

Malcolm Torry

Publisher:
Policy Press
DOI:10.1332/policypress/9781447343158.003.0012

This chapter summarises the main arguments for a Citizen's Basic Income. It first defines Citizen's Basic Income (sometimes called a Basic Income or a Citizen's Income) as an unconditional, automatic and nonwithdrawable regular income for each individual who is a legal resident of the UK, explaining in particular why it is unconditional, automatic and nonwithdrawable. It also gives emphasis on the fact that Citizen's Basic Incomes would be paid on an individual basis, rather than on the basis of a couple or household. Finally, it enumerates the benefits that a Citizen's Basic Income would bring, such as: promote social cohesion, reduce perverse incentives that discourage work and savings, and encourage caring and community activity. A graph shows what a Citizen's Basic Income looks like with respect to net income after tax and benefits and pre-tax income from all sources.

Keywords:   income, Citizen's Basic Income, social cohesion, net income, tax, benefits, pre-tax income, work, savings

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