Malcolm Torry
- Published in print:
- 2018
- Published Online:
- January 2019
- ISBN:
- 9781447343158
- eISBN:
- 9781447343202
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447343158.003.0008
- Subject:
- Sociology, Economic Sociology
This chapter considers four different methods for implementing a Citizen's Basic Income. The first is ‘all in one go’, which abolishes means-tested benefits. The second is ‘all in one go’, but ...
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This chapter considers four different methods for implementing a Citizen's Basic Income. The first is ‘all in one go’, which abolishes means-tested benefits. The second is ‘all in one go’, but retains means-tested benefits. The third option is gradual roll-out, in which Child Benefit would no longer be payable beyond the sixteenth birthday; that is, the sixteen-year-olds would receive no Income Tax Personal Allowance. The last option involves inviting volunteers among the pre-retired, between the age of sixty and the state pension age. The chapter evaluates each of these methods, taking into account their advantages and disadvantages, and describes an implementation scenario based on the third method. It concludes by proposing an additional option: introducing a very small Citizen's Basic Income that will rise slowly as the rates and thresholds for Income Tax and National Insurance Contributions as well as means-tested benefits adapt.Less
This chapter considers four different methods for implementing a Citizen's Basic Income. The first is ‘all in one go’, which abolishes means-tested benefits. The second is ‘all in one go’, but retains means-tested benefits. The third option is gradual roll-out, in which Child Benefit would no longer be payable beyond the sixteenth birthday; that is, the sixteen-year-olds would receive no Income Tax Personal Allowance. The last option involves inviting volunteers among the pre-retired, between the age of sixty and the state pension age. The chapter evaluates each of these methods, taking into account their advantages and disadvantages, and describes an implementation scenario based on the third method. It concludes by proposing an additional option: introducing a very small Citizen's Basic Income that will rise slowly as the rates and thresholds for Income Tax and National Insurance Contributions as well as means-tested benefits adapt.
