by James » Thu May 29, 2014 9:53 am
My ThM thesis is titled The Ethics of the Guaranteed Annual Income. It looks at the idea indorsed by Robert Thoebald, a liberal and Milton Friedman, a conservative. In its simplest form, GAI proposed to give individuals living alone and families a basic income sufficient to meet basic needs-housing, food, clothing etc. In several European countries which have accepted GAI as the structure for those in poverty, the average length of a GAI grant is five years. People want to be self sufficient. They take the GAI use it to improve their situation. Whey they do not need it anymore, they leave the program. The chronic poverty rate hovers around 5%.
If the rich could see their way clear to help pay for such a program here in the good old USA, we could perhaps eliminate 95% of poverty, get our economic situation in balance and see the DOW at 5,000. The rich would be even richer than they are now and no one would care, because we would all be doing well enough.
James North
CBF, Virginia
Born again by God's free grace