Basic income would assist in the social 'absorption' of social output.

"From an institutionalist perspective, the creation of the social product is entirely a social activity and is more than the result of the efforts of individuals involved in the production process. In fact, the greatest contribution to our affluence cannot be assigned to individuals at all. The stock of communal knowledge and the cultural institutions that have been developed over the centuries are the reasons our society is rich rather than poor. Those who are particularly rich in our society are so because they happen to fill specific positions in the social provisioning process that allows them to take a disproportionate share of social output. A Basic Income recognizes the social nature of income generation and the large share of output due to "society and history" and distributes it among all citizens."

theoretical


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