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9 years, 2 months ago

nothing sacrosanct about existing tax systems topic/drift

The affordability issue essentially comes down to two sets of choices--how high should the basic income or social dividend be, and what are society's fiscal priorities? There is nothing sacrosanct about existing tax systems, most of which are excessively complex and highly regressive. And this is w…

—p.146 Basic Income: And How We Can Make It Happen The Affordability Issue (127) by Guy Standing
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9 years, 2 months ago

the flaws with previous cost calculations

First, they do not allow for clawing the basic income back in tax from higher-income earners, which could be done with no net cost to the affluent or to the Exchequer, simply by tweaking tax rates and allowances so that the extra tax take equals the basic income paid.

Second, they do not tak…

—p.131 The Affordability Issue (127) by Guy Standing
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9 years, 2 months ago
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9 years, 2 months ago
You added a vocabulary term
9 years, 2 months ago

rentiers

they should oppose the many other forms of 'rentier' income derived solely from possession of assets

—p.118 The Standard Objections (109) by Guy Standing
notable