by Karl Widerquist | Dec 27, 2017 | Opinion, The Indepentarian
This essay was originally published in the USBIG NewsFlash in March 2006.
Congressman Bob Filner (Democrat from San Diego, California) will introduce a bill in the U.S. Congress in late April 2006, entitled, “A Tax Cut For the Rest of Us.” The preamble of the bill reads, “To amend the Internal Revenue Code of 1986 to provide a basic income guarantee in the form of a refundable tax credit for taxpayers who do not itemize deductions.”
The Bill would transform the standard income tax deduction into a standard tax credit of $2000 per adult and $1000 per child. For the first time, it would give a “refundable tax credit” to everyone who filed an income tax return, even if the person had no private income. The current “Earned Income Tax Credit” provides a small refundable tax credit, but only to those who have some earned income. Anyone who earns zero is ineligible. The current “standard tax deduction” is “nonrefundable,” meaning that if people’s incomes are so low that their deductions are greater than their taxes, they pay no taxes, but receive no cash back either. The BIG bill would change that, allowing low-income Americans to receive up to $2000 in cash as a tax credit, and everyone else to receive the same amount off of the taxes they pay.
Al Sheahen has been working tirelessly with Filner and his staff for nearly two years to get this bill introduced. The Bill is based on a proposal written by Al Sheahen and Karl Widerquist presented at the 2005 USBIG Congress. The bill lacks a Republican co-sponsor, which makes its prospects dim in the current Republican-controlled session, but Sheahen sees the bill as a long-term objective, around which to organize support and which might have a much better chance after congressional elections in November. A copy of “The Tax-Cut-For-The-Rest-Of-Us Act of 2006” is on the USBIG website at https://www.usbig.net. For information on how to help support the bill contact Al Sheahen at alsheahen@prodigy.net.
-Karl Widerquist, Oxford, UK, March 31, 2006
by Karl Widerquist | Dec 24, 2017 | Opinion, The Indepentarian
This audio is of talk I gave on why we need a Universal Basic Income. I gave the talk for the “Sydney Ideas” series in August of 2017, and I’m particularly happy with it. It summarizes the reasons I think are most important, and I think I did a relatively good job of delivering it. It discusses how Basic Income removes the judgment and paternalism that pervade the world’s existing social welfare systems, and why doing so is so important not only for people at the bottom but also for the average worker. It also briefly addresses how to craft a realistic Basic Income proposal, how much it costs, options for paying for it, and evidence about what it can do.
Following the lecture the audio file includes a question and answer session where I’m joined by Dr Elizabeth Hill, Chair of Department of Political Economy, School of Social and Political Sciences, University of Sydney, and Professor Gabrielle Meagher, Department of Sociology, Macquarie University.
by Karl Widerquist | Dec 20, 2017 | Opinion, The Indepentarian
This essay was originally published in the USBIG NewsFlash in December 2005.
On November 6, at a conference on greater economic integration in the Americas in Brasilia, just after his 22 minutes conference in Brasilia, President Bush extended his hands Senator Suplicy, who asked:
Senator SUPLICY: “With respect to the integration of the Americas we should have the purpose of not only to have the free movement of capital, goods, and services, without any barriers but also and mainly of what is most important, that is, of human beings from Alaska to the Patagonia. More than that we should also have what you already have in Alaska with much success, a citizen’s basic income to all residents in that State.”
President Bush: “Well, in Alaska they have lots of oil.”
SUPLICY: “But we may have a basic income from all the forms of wealth that are created. I would like to suggest that in order to create the conditions for real peace based on justice in Iraq that we should stimulate the Iraqis to follow the example of Alaska that pays every year a basic income to all residents living in that State in the form of dividends that result from the Alaska Permanent Fund.”
BUSH: “We are working on that! We are working on that! Thank you.”
Suplicy also spoke about Brazil’s basic income at the Parliamentary Network Conference of the World Bank in Helsinki, Finland on October 21-23. About 180 members of the parliaments of about 100 countries of the world participated in the Conference. Senator Suplicy individually lobbied several members of parliaments on Basic Income. Suplicy presented the same lecture at the Austrian and Belgium Basic Income Network, in Vienna, October 9, and to the Training Department of the European Commission, on October 10.
by Karl Widerquist | Dec 17, 2017 | Opinion, The Indepentarian
Of course, it is possible to fund UBI in America. Based on my calculations from a forthcoming article in Basic Income Studies, this one-minute video argues that a UBI large enough to eliminate poverty in the United States will cost 2.95% of the GDP per year–even if no other entitlement programs are replaced or reduced.
by Karl Widerquist | Dec 15, 2017 | Opinion, The Indepentarian
In this one-minute video, I argue that people look at automation and UBI in the wrong way. We must not wait until the predicted day when automation reduces the total number of jobs available. Automation creates two important reasons to introduce UBI right now even if automation is not going to reduce the total number of jobs available any time soon.
