News; News & Events

NEW ZEALAND: Proposal for a BIG funded by capital taxation

According to the New Zealand Herald, “Economist and fund manager Gareth Morgan, who is a member of the Tax Working Group, has proposed a radical tax restructure to the group’s final public conference that would impose a Comprehensive Capital Tax (CCT) on all land, buildings, plant and equipment to raise NZ$19 billion. This money would then be used to create a flat income tax rate of 25% on all corporate, personal and trust income. It would also be used to provide each adult with a NZ$10,000 guaranteed minimum income to replace all benefits”

The Herald article is online at:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10612839
A video of the proposal is online at:
http://www.3news.co.nz/Gareth-Morgans-radical-tax-overhaul/tabid/367/articleID/132177/cat/67/Default.aspx
A blog about the proposal is online at:
https://thestandard.org.nz/guranteed-minimum-income-capital-tax-the-way-forward/

Karl Widerquist

About Karl Widerquist

Karl Widerquist has written 896 articles.

Karl Widerquist is an Associate Professor of political philosophy at SFS-Qatar, Georgetown University, specializing in distributive justice—the ethics of who has what. Much of his work involves Universal Basic Income (UBI). He is a co-founder of the U.S. Basic Income Guarantee Network (USBIG). He served as co-chair of the Basic Income Earth Network (BIEN) for 7 years, and now serves as vice-chair. He was the Editor of the USBIG NewsFlash for 15 years and of the BIEN NewsFlash for 4 years. He is a cofounder of BIEN’s news website, Basic Income News, the main source of just-the-facts reporting on UBI worldwide. He is a cofounder and editor of the journal Basic Income Studies, the only academic journal devoted to research on UBI.
Widerquist has published several books and many articles on UBI both in academic journals and in the popular media. He has appeared on or been quoted by many major media outlets, such as NPR’s On Point, NPR’s Marketplace, PRI’s the World, CNBC, Al-Jazeera, 538, Vice, Dissent, the New York Times, Forbes, the Financial Times, and the Atlantic Monthly, which called him “a leader of the worldwide basic income movement.”

Widerquist holds two doctorates—one in Political Theory form Oxford University (2006) and one in Economics from the City University of New York (1996). He has published seven books, including Prehistoric Myths in Modern Political Philosophy (Edinburgh University Press 2017, coauthored by Grant S. McCall) and Independence, Propertylessness, and Basic Income: A Theory of Freedom as the Power to Say No (Palgrave Macmillan 2013). He has published more than a twenty scholarly articles and book chapters.

Most Karl Widerquist’s writing is available on his “Selected Works” website (works.bepress.com/widerquist/). More information about him is available on his BIEN profile and on Wikipedia. He writes the blog “the Indepentarian” for Basic Income News.

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The views expressed in this Op-Ed piece are solely those of the author and do not necessarily represent the view of Basic Income News or BIEN. BIEN and Basic Income News do not endorse any particular policy, but Basic Income News welcomes discussion from all points of view in its Op-Ed section.

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