Posts Tagged ‘Basic income’

Recent posts.

November 7, 2017

By replacing graduated income tax with a flat tax, the affordable Unconditional Basic Income is almost doubled. If some of the flat tax is described as benefit withdrawal, it can be seen that this UBI policy is similar to current government policy. Is a Basic Income affordable?, November 2017.

The Bank of England’s decision to raise interest rates is the first since 2007. The cost of borrowing remains extraordinarily low. It has probably encouraged a misallocation of scarce resources. “Loose money”, The 2008 crash: Recovery, November 2017.

Housing is the least bad option for many Chinese investors. The governor of the People’s Bank of China has urged his country to ease controls on cross-border capital movements and allow exchange-rate flexibility. “Loose money”, The 2008 crash: Recovery, October 2017.

The price of land is determined by its earning potential. An increase in land tax would cause a decrease in the capital value of the land, so that the annual cost to the landowner, paid as tax plus interest, stayed the same. Land tax, September 2017.

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Welfare.

October 6, 2017

By replacing graduated income tax with a flat tax, the affordable citizens income is almost doubled. Is a Basic or Citizens Income affordable?, February 2016.

Work should be allocated by self-selection not compulsion, but beneficiaries should have a reasonable financial incentive to do paid work. Benefit withdrawal is effectively a tax, and effective marginal tax rates, including benefit withdrawal, should ideally be no higher for beneficiaries than for high income earners. “Full employment”, in Alison’s manifesto.

Guaranteed Minimum Income systems often use means testing. The Unconditional Basic Income doesn’t. It is not unusual to fail to distinguish between them, label them both Basic Income, and blame one of them for the faults of the other. Some welfare history, August 2017.

Women should have their own money as individuals, not just as part of a family or household, and children need at least as much money as adults, if the cost of childcare, including the opportunity cost of parental childcare, is taken into account. Welfare reform for the 21st century, August 2010.

High priority was given to the need for tax and income support for women working in the home, and for more childcare facilities. The most logical way of doing this, with the least fuss, is by the basic income method. History of Basic Income politics in New Zealand, 1996.

European election.

June 10, 2014

For me, in all the thousands of words I saw about the European election campaign, one sentence stood out. It was in the Manchester Friends of the Earth’s list of 10 policies:

” a new EU economic strategy . . . which shifts the tax burden from labour to resource consumption . . . ”
( http://www.manchesterfoe.org.uk/eu-election-survey-response-peter-cranie-green-party/ ).

Environmental taxes on resources and pollution could be better than income taxes, not only for the environment, but also for reducing inequality.

( ” Progressive tax and inequality”, in “Citizens incomes and progressive tax”,
https://ammpol.wordpress.com/ubiprog ).

I think this policy should be a major feature in the 2015 Westminster election campaign.