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"Basic Income vs. Basic Capital"

SAITO Taku

last update: 20151224


Basic Income vs. Basic Capital

SAITO Taku
Abstract:
So far, the idea of "redistribution" immediately means the idea of "income redistribution" in the main stream of social security debates. In contrast, the shift to "Asset-Based Welfare", which can be observed in the recent welfare reforms in U.S.A. and U.K., seems to have a background assumption that various assetbuildings policies for the poor are more effective than the traditional regular-income supplements, though the latter is still predominate in the current welfare states. This paper inquires the plausibility of this assumption through, firstly, (1) examining the dispute between Ackerman & Alstott and Van Parijs, which was inspired by the issue of asset-based redistribution vs. income-based redistribution, and had become one of the central issues in Basic Income debates, and secondly, (2) evaluating this dispute on the basis of some latest arguments presented by Asset-Based Welfare supporters.


Keywords: Basic Capital, Asset-Based Welfare, Philippe Van Parijs, Liberal Egalitarianism

REV: 20151224
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