How about a negative interest rate to finance a BIG?
[Craig Axford]
Most proposals for funding a basic income guarantee rely upon some kind of traditional taxation mechanism. In this post the idea of a negative interest rate that is deposited back into a pool to finance BIG and encourage money’s circulation through the economy is offered as another possible means.
Malcolm Henry, “How To Fund A Universal Basic Income (Without Scaring The Horses)”, Basic Income UK, February 11, 2014
I consider a land tax the fairest funding for a UBS. In Progress and Poverty (1879), his most important book, Henry George contended the ideal tax would most closely conform to the following conditions, similar to those of Smith:
1. That the tax bears as lightly as possible upon production, minimizing the excess burden or deadweight loss.
2. That the revenues be easily and cheaply collected, and fall as directly as may be upon the ultimate payers—so as to take from the people as little as possible in addition to what it yields the government.
3. That it be certain and visible, so as to give the least opportunity for tyranny or corruption on the part of officials, and the least temptation to lawbreaking and evasion on the part of the taxpayers.
4. That it be equitable, giving no citizen an arbitrary advantage or privilege, and in being consistent with moral principles.6