Universal Basic Income doesn't need financing

In my last blog entry there wasn't a financing section because there isn't any need for one: The UK Government could implement a UBI program to target a nominal GDP growth of 5 p.a., leaving the magnitude of the budget deficit as a residual.

Universal Basic Income doesn't advance welfare in a modern society directly. Job Guarantee Programs are superior for a variety of reasons. Bill Mitchell, Pavlina Tcherneva et al. have written extensively on the topic.

Bill's last book, Reclaiming the State