Wednesday, March 12, 2014

Four quotes about Guaranteed Income

“The solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.” —Martin Luther King

"Will a guaranteed annual wage kill incentive among the poor? If a man is given a certain amount of security, won't he quit working? Exactly the same contention could be made about the sons of the wealthy who are left large fortunes. Yet the evidence suggests that, given economic freedom, people will generally choose to do that which interests them most. It is up to society to see that these interests are widened and that too requires investment." —Pierre Berton

"In the distribution, a certain minimum is first assigned for the subsistence of every member of the community, whether capable or not of labour. The remainder of the produce is shared in certain proportions, to be determined beforehand, among the three elements, Labour, Capital, and Talent.” —John Stuart Mill

“Some minimum of food, shelter, and clothing, sufficient to preserve health and capacity to work, can be assured to everybody.”  —F. A. Hayek