Basic Income Guarantee (BIG) and the Negative Income Tax (NIT) – alternative methods of eliminiating the “precarity trap” Cover Image

Bezwarunkowy dochód podstawowy a negatywny podatek dochodowy – alternatywne metody likwidacji „pułapki prekarności”
Basic Income Guarantee (BIG) and the Negative Income Tax (NIT) – alternative methods of eliminiating the “precarity trap”

Author(s): Mateusz Guzikowski
Subject(s): Economy, Business Economy / Management
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: Basic Income Guarantee; Negative Income Tax, Austrian School of Economics

Summary/Abstract: The aim of the article is to assess, from the Austrian School of Economics’ point of view, alternative tools for eliminating the “precarity trap”, i.e. the Basic Income Guarantee (required by the precariat) and the Negative Income Tax (recommended by monetarists). Critical argumentation concerning both tools and their impact on the spontaneous market order are presented in the article. Austrian School of Economics, although reluctant to introduce all institutionalized tools of redistribution, seems to support subtly the Negative Income Tax.

  • Issue Year: 2017
  • Issue No: 15
  • Page Range: 33-41
  • Page Count: 9
  • Language: Polish