As Ireland’s $1,500-a-month basic income pilot program for creatives nears its end in February, officials have to answer a simple question: Is it worth it?
With four months to go, they say the answer is yes.
Earlier this month, Ireland’s government announced its 2026 budget, which includes “a successor to the pilot Basic Income Scheme for the Arts to begin next year” among its expenditures.
Ireland is just one of many places experimenting with guaranteed basic income programs, which provide recurring, unrestricted payments to people in a certain demographic. These programs differ from a universal basic income, which would provide payments for an entire population.
The basic logistics or the least of the open questions.
If every one gets 2k a month, how do prices react? Social security participants are only a subset of participants in the economy.
If everyone’s compensation is equal, guaranteed, and sufficient assuming prices didn’t just screw up, can you still get people doing work like sanitation? Social security is from a mindset that no productive prior is no longer required. It pays more to someone that made 100k a year than someone that made 50k a year, so your get proportional to what you put in.
Again, you’re talking universal. Let’s start with basic. I also think it can be done by just taxing the rich more.