The GBI is a guaranteed income stream, right? So, can I sell it? Can I put it up as a collateral for a loan?
It’s up to the willingness of the country giving out the loan to regulate whether it wants to enforce those loans.
Many countries have a legal system where you can’t collect money from people who need that money to live.
Generally speaking yes, it does. What particular kind of contracts do you think a country wouldn’t want to enforce in this context? As to subsistence-level income not being collectable, see my answer to TheAncientGeek.
Welfare payment in Germany aren’t basic income because people need to active look for a job to receive them.
Those payments are also non-garnishable. The don’t exist to finance loans. The point of basic income isnt to give people collateral for loans but to provide them with money to cover their basic needs.
If you want a higher income of say 1500$ you can make 1000$ non-garishable so that the person can always cover their basic need and make the rest garnishable.
Welfare payment in Germany aren’t basic income because people need to active look for a job to receive them.
True, but Germany has big tax breaks for entry-level, low-income jobs—what they call MiniJobs, MidiJobs etc. So the combination of unemployment insurance (the ‘welfare’ you describe) and easily available work acts much like a UBI as far as low-income folks are concerned. The United Kingdom is now trying the same strategy, but with less success: though entry-level work is untaxed and quite widely available, many people there are still living on the ‘dole’ and not working, perhaps because the economy is still in bad shape and this lowers wages/worsens working conditions. A low-level UBI would be a nice solution to this issue.
It’s up to the willingness of the country giving out the loan to regulate whether it wants to enforce those loans. Many countries have a legal system where you can’t collect money from people who need that money to live.
Generally speaking yes, it does. What particular kind of contracts do you think a country wouldn’t want to enforce in this context? As to subsistence-level income not being collectable, see my answer to TheAncientGeek.
Welfare payment in Germany aren’t basic income because people need to active look for a job to receive them.
Those payments are also non-garnishable. The don’t exist to finance loans. The point of basic income isnt to give people collateral for loans but to provide them with money to cover their basic needs.
If you want a higher income of say 1500$ you can make 1000$ non-garishable so that the person can always cover their basic need and make the rest garnishable.
True, but Germany has big tax breaks for entry-level, low-income jobs—what they call MiniJobs, MidiJobs etc. So the combination of unemployment insurance (the ‘welfare’ you describe) and easily available work acts much like a UBI as far as low-income folks are concerned.
The United Kingdom is now trying the same strategy, but with less success: though entry-level work is untaxed and quite widely available, many people there are still living on the ‘dole’ and not working, perhaps because the economy is still in bad shape and this lowers wages/worsens working conditions. A low-level UBI would be a nice solution to this issue.
No, UBI means that you get money even if you decide against working. That’s inherently different than conditional welfare payments.
There nothing unconditional about receiving money from an entry-level low-income job.