What is a basic income, exactly? How does it work?
It’s simple, and that’s what makes it so powerful.
Set an amount – maybe $1,000 a month, or $800 or $1,500 a month – and have government provide that to every adult American. Everyone gets the same amount, ideally enough to guarantee that people can afford food, clothes, shelter, and other necessities.
We can adjust the amount occasionally when economic conditions require it. State and local governments can supplement it, using local revenues.
This is an income independent of what people earn at a job or through investments, and everyone gets it, no questions asked, either as a direct payment or combined into the tax system. It’s economic security for every American.