Heteconomist, “Currency Viability In a Pure Income Tax Regime With a Basic Income,” Heteconomist, December 9, 2013.
Heteconomist
Heteconomist, “Currency Viability In a Pure Income Tax Regime With a Basic Income,” Heteconomist, December 9, 2013.
Heteconomist
Here we have a political faction committed to “full-employment”. It is surprising, in the second decade of the 21st century, after the advent of supercomputing, automation, robotics and access to boundless capital, to find people believing that, in any form of economic competition for profit, the human laborer will turn out to be more profitable than the automaton. But that is the assumption of anyone believing that our economy can achieve full-employment.
What we truly need is an economy that can provide a transition to the abundance of the 21st century created by knowledge explosion and its technological advances, and that must be an economy where humans cease to compete with machines for survival, but become instead shareholders in the technologically created common wealth. The best path to that utopia — because it is the path of freedom — is the universal, unconditional Basic Income Guarantee (uuBIG).
Now if instead of thinking of the state as empowered to enslave citizens through jobs programs, the authors thought of the state as a democratic implement for enacting the will of the people, they might realize that empowering people with direct income puts them in the position of choosing the jobs and careers meaningful to themselves, and frees them from the demand to perform make-work drudgery. Since real jobs are offered based on market forces (the demand for labor skills), the idea that the government taxes people to create bureaucracies to create jobs and fund employers in order to insure that people get income is revealed as the folly of the 20th century!
Dismantling these bureaucracies will require providing, to the roughly 50% of the population currently dependent on their govt paychecks, a sufficient income with a median uuBIG, as they make the transition to market-driven jobs.
In short, the most efficient form of state intervention in the economy is to guarantee economic security to every citizen directly — as a citizens’ right — through the uuBIG.
Why? Primarily because it meets the fairness test: the government must treat every citizen exactly the same! Every adult citizen gets the same uuBIG, and each pays exactly the same flat tax-rate on their gross income (including the uuBIG).
Join the thinkBIGamerica campaign!
For more info:
http://www.youtube.com/watch?v=teQLrGB4ol8