I'm a big fan of citizen's income schemes. Having read this, though, I also really like the concept of stakeholder grants. So I'd like to see a fusion of the two schemes, thus:
Most CI schemes seem to only apply to those over 18. Well, I'd like to see a CI that's paid from birth. Part could go to the parents in order to help with childcare, food, clothing, etc. The remainder would be invested in a trust fund that would become accessible to the child once they became an adult.
At today's suggested CI rate of £5-6k, one might consider it reasonable to pay a child's CI at half rate. Presuming that the child retained roughly 50% of the CI in a trust fund, at age 18 they would receive a windfall of ~£45k in today's money (presuming a 5% interest rate).
Alstott and Ackermann are explicit about their $70k stake being possibly used for a "college" education. So in the UK, one could abolish the state funding of universities (at least for undergraduates), taking the state out of another sector of industry. Off the top of my head, here are the things that the government would no longer need to provide:
- Child Support Agency (or whatever it's called this week)
- Child Benefits
- Management & funding of universities
- Student loans
Furthermore, the percentage awarded to parents can be fine-tuned to ensure that baby production is not an activity that is preferential to work: at the moment, it seems that in a lot of poorer areas, there is a choice between working a shitty job for long hours and low pay, or having a baby and living on benefits. If I was an unskilled, working-class teenage girl, I know which option I'd choose.
(It should be noted that one of the alleged benefits of a CI is to remove such a poverty trap by awarding a flat rate of benefits to all, so perhaps this problem would sort itself out anyway.)
Further, second and additional babies could be paid a greater proportion of their CIs - perhaps 75% for the second baby, and 100% for successive babieS), in order to discourage population growth, if one believes, as I think I do, that there are really too many people in the world already, and we would be individually a lot better off if there were less of us.
On top of that, it may be that having a large family becomes the mark of a rich couple, rather than as it currently is, the mark of the poor. This is a good thing if you believe that children born in wealthy families have a better quality of life and are more likely to be more successful adults.