Debraj Ray and Kalle Moene believe that the introduction of new methods of redistribution is urgent.
‘If we are correct in our assertion that a basic income for all has clear social benefits for society by empowering weak groups and enhancing productivity, it is important to implement the scheme. As inequalities become greater and a small minority has become super rich on new technology and uneven development, it is difficult to do much. Postponement only means that possible benefits of the scheme are lost, and people are deprived of the advantages they might have had,’ they warn.
‘When everyone receives a development bonus – in the form of a guaranteed minimum income – we may also see political change in the direction of better health, schooling and other public services to cover people’s needs,’ Ray and Moene emphasize.
‘Every country needs continuous redistribution – and the development bonus contributes to this.’