by BIEN | Feb 20, 2017 | News
(Image Credit to University of Toronto)
You are a family doctor, with unique insights into the Canadian health care system. Your new book, Better Now: Six Big Ideas to Improve Health Care for All Canadians, poses, as per the title, six big ideas to improve the Canadian health care system. What inspired you to write this book?
Each chapter in the book was named after a patient in my practice who I was inspired by and this is a book about their stories. I think that when people pick up a copy of Better Now, they will see themselves in the stories, or a friend or a family member. Many of us have had similar experiences in the doctor’s office, or we know of someone who has. As a family doctor, I see the challenges my patients face because of problems in the system. These problems often feel outside the control of both individual patients and providers. But as someone who studies health system issues, I know that a lot of those problems can be fixed, and importantly we can fix them in ways that build on the value of fairness that is so important to Canadians. I felt a book was a good way to give voice to these issues and to try to get people like my patients and your readers more engaged in pushing for improvements.
Big idea 1 is the return to relationships. What does this mean for Canadian health care?
We know that around 85% of Canadians have a family doctor, so that’s a great place to start. But having a good relationship with your doctor comes next. This relationship should be one where there is open communication, so that we as doctors have the chance to really understand what patients need when they come in to see us. In my book, I say that the notion of being seen by “someone who knows you” is central to primary care. The best place to integrate all your health needs is a place where, like the bar in Cheers, everybody knows your name. So, for example, if you come in to see me for a cold, I would help you with that, but while you were there, we might also sit and talk about other concerns you may be having, discuss your family history with a disease, talk about screening and what we need to better manage your health. This relationship can also help to guard against overtreatment or over-doctoring. For example, in my book, I talk about my patient Abida and how we’ve worked to reduce the number of medications she takes and the specialists she meets with over the years, to her benefit. We’ve also tried to limit the number of times she goes in to the emergency room by making sure that she sees me more often, vs. other healthcare providers who many not know about as much about her health history.
Big idea 2 is a nation with a drug problem. What is our drug problem in Canada? What is the remedy or the solution for it?
Drugs have always been an issue, whether legal or illegal. For example, lots of families have seen their loved ones experience horrible side effects because of prescription drugs that have been through rigorous trials. You can visit website to find out more about how they seek compensation for this. Anway, a bigger issue with drugs is that some people just can’t afford them. We know that one in five Canadian households report that someone in that household is not taking their medicine out of concerns about costs. We need a public drug plan that covers all Canadians and does not have high co-payments so that patients can afford to take their life-saving medications. A strong national pharmacare program would solve our access problems and save Canadians billions of dollars. If done right, a pharmacare program could also help to reduce overmedication and inappropriate prescribing – problems that affect too many Canadians, especially seniors. Canadians believe in the principle that access to health care should be based on need, not ability to pay. That principle needs to be extended beyond doctors and hospitals to include universal access to a publicly-funded formulary of essential medicines.
Big idea 5 is a basic income for basic health. That is important to BIEN. It is, specifically, a basic income guarantee. What is the specific definition of a basic income guarantee in big idea 5? How would this impact the Canadian health care system?
A basic income guarantee means that if your income falls below a certain level, you would be topped up to a level sufficient to meet your basic needs. It’s a departure from our current social assistance program in two ways:
- A basic income would ensure that everyone in Canada has income above the “poverty line.”
- It would work through the tax system and be easier to administer with the only eligibility requirement being a person’s income. Who you live with or whether you were searching for work or attending a training program wouldn’t be factored into whether you are eligible to receive support.
Medicine isn’t the only thing that makes us healthy. If you can’t afford good food, your rent or safe housing, it’s harder to be healthy, so we need a basic income for basic health. By ensuring that everyone has access to a basic income, we can improve health and decrease costs in the health care system by reducing or eliminating poverty. For example, in Manitoba in the 1970s, a small income top-up for people in poverty reduced hospitalizations by 8.5%. If we could find a drug as effective as that, we would put it in the water supply!
About the Author
Danielle Martin is a family physician in Toronto and Vice President, Medical Affairs and Health System Solutions at Women’s College Hospital. Her book, Better Now: Six Big Ideas to Improve Health Care for All Canadians, was released by Penguin Random House in January 2017. For more information on her current book tour watch here and follow @docdanielle on Twitter.
by Guest Contributor | Feb 16, 2017 | Opinion
Written by: Derek Horstmeyer
Aside from the numerous societal benefits that Universal Basic Income (UBI) offers in the future as automation disrupts the nature of employment, we in the basic income movement should not forget the benefits it also offers in the immediate term.
Economists across the board, whether they focus on labor, corporate governance or environmental issues, love to see mechanisms and incentive systems designed so they are free of distortions. Our current national system in the US of assistance for the short-term unemployed and long-term unemployed is designed with incentive misalignment over different income levels. This is particularly evident on the lower end of the income distribution.
An individual who has just lost their job or an individual who continues to suffer long-term unemployment faces a daunting decision when posed with the prospect of taking on a new job. Many of these individuals may have been approached by executive search headhunters (PIXCELL – Chasseurs de Têtes Montreal Headhunters or a similar headhunter, for example) to take up a good position in a renowned company. On one hand, there are the wages associated with the new job and on the other there are is potential loss of federal and state assistance. CATO’s 1995 “The Welfare-Versus-Work Tradeoff,” estimates that a change in employment status from a part-time position (below the poverty line) to a full-time position at 18 dollars an hour might actually cost the individual a net of 5 to 10 thousand dollars a year due to a loss in state benefits.
These benefits that the individual may have to relinquish span numerous forms including cash assistance (Temporary Assistance to Needy Families), food assistance (SNAP), medical insurance (Medicaid) and housing assistance. And, one criticism of the Affordable Care Act is individuals just above the income cutoff for Medicaid are doing far worse when you consider the mandatory penalty they must pay as compared to those who are receiving Medicaid. It also might be worth thinking about those that do get Medicaid aren’t actually receiving the support for free. For instance, read over this article touching on avoiding medicaid estate recovery, a part of Medicaid some people look past or don’t even know about. If someone that was receiving Medicaid passes away, Medicaid could then actually legally possess your house to cover the costs, leaving living family members a lot worse for wear. The idea of these benefits and aids always seems to have some downfalls, but there can also be ways to navigate around them.
While the magnitude of the loss in state benefits that one suffers as their wages increase is debated, one thing that all economists agree on is that poverty traps are real. As an individual moves up the income ladder, there is a class of income where they would better off monetarily if they turn down a job (or a pay increase) because they must forfeit state benefits.
If we desire to have incentive alignment in our economic system, where every marginal amount of time worked by an individual leads to a marginal increase in total income, the poverty trap created by the welfare system is a major problem. Of course, there are a few ways to fix this issue. One is to just reduce the number of benefits that people receive on the lower end of the income distribution. This does not sound appealing seeing as the number of vulnerable people in the US may continue to increase as the nature of employment changes over time. The second way to handle this issue is to extend the ‘phase-out’ ranges, so people don’t lose as many benefits as they earn more income. This is more appealing, but only puts a band-aid on the issue and still allows for income ranges where incentive misalignment persists.
The third and final option is UBI. The beauty of universal basic income, paired with a negative income tax, is that these decisions to forgo work or a raise because of a loss in state benefits, are non-existent. In a UBI system, incentives are always aligned for the individual to accept a raise or to work an additional hour because it will always put more money in their pocket.
As work becomes more automated, it is important to highlight the wonders that UBI may serve us in the future. However, one should also not forget what UBI affords us today in terms of a system of welfare and assistance that is free of incentive misalignment.
About the author: Derek Horstmeyer is a professor at George Mason University School of Business, specializing in corporate finance. His research, which has garnered several awards, focuses on boards, governance and hedge fund activism. He has presented at conferences across the country as well as internationally, and is consistently rated a top professor by his undergraduate, MBA and EMBA students who have honored him with teaching awards.
Derek has a BS in Mathematics and Economics from the University of Chicago, an MS in Financial Mathematics from Stanford University and a PhD in Finance from the USC Marshall School of Business.
by Jason Burke Murphy | Feb 3, 2017 | Opinion
Basic Income as All-inclusive Democratic Subsidy: Securing the Social Freedom and Economic Power for All People
Written by: Katja Kipping
[A long translator’s note: Katja Kipping is chair of the Left Party (Linkspartei) in Germany and a member of the national parliament. She has served as spokesperson for Germany’s Basic Income Network (Netzwerk Grundeinkommen). Within the Left Party, she organized the “Emancipatory Left” faction and writes for the libertarian socialist magazine “Prague Spring” (Prager Frühling).
Kipping presented this lecture “Grundeinkommen als Demokratiepauschale” at the Basic Income Earth Network Congress in Seoul, Korea, July 19th. She has frequently argued for basic income throughout Germany and has helped organize a “Basic Income faction” that includes most political parties in parliament.
I have translated this with the hope that left organizations worldwide will pay attention to her vision of basic income as a core component for the democratic left. Basic income would provide a clear sign that the left has learned from problems wrought in the past by bureaucracy, technocracy, and authoritarianism. Kipping draws from a constitutional republican tradition of investigating institutions that promote robust citizenship and deliberation. See Casassas and De Wispelaere 2012 and 2015. She also links her hopes with that of the degrowth movement. I see basic income, as Kipping presents it here, as an antidote to alienation and right-populism. Social analysis shows basic income to be part of the design of truly public institutions.
Any lapses in quality or argumentation should be attributed to me.
Please note that Kipping also presented in Dublin at the 12th Basic Income Earth Network Congress in 2008. “Moving to Basic Income (BI) – A left-wing political perspective” can be found at BIEN’s website.
You can a video of Kipping presenting the original German speech at https://bien2016.org/en/video-basic-income-and-politics-of-democracy/.
The text of her speech can be found at: https://www.katja-kipping.de/de/article/1112.grundeinkommen-als-demokratiepauschale.html. ]
Basic Income as All-inclusive Democratic Subsidy
Securing the Social Freedom and Economic Power for All People
Contents
- Social Freedom and Democracy – radical democratic approaches to basic income.
- Economic Might for All – basic Income and democratic institutions
- Closing Remarks on social transformation
1. Social Freedom and Democracy – radical democratic approaches to basic income.
Radical democratic approaches to basic income pay close attention to the connections between people and to their mutual dependencies within a community. The community is here understood as something public and political. It is oriented towards the well-being of all and should be shaped by all. From this it follows that freedom should not be understood as a mere absence of intervention or interference. On the contrary, freedom should be understand as independence over against any arbitrary authority [Fremdherrschaft]. Freedom, in this sense, implies no arbitrary interventions or interference on the part of state institutions and also no possibility of such interventions and interference. Intervention is arbitrary if an intervention comes whenever the intervener wills it.
Freedom, on the other hand, is fulfilled primarily through self-governance. Self-governance is formed by social and individual organization and also by monitoring these potential interventions and the institutions capable of them. Individual freedom, viewed in such an intersubjective political context, is also social freedom. The highest value is active participation of all in the res publica – a collective deliberative democratic self-determination. This naturally implies social equality and the securing of social freedom, which implies preventing any economically grounded dominance and dependency. Laws and institutions also need to reflect, promote, and enable the common good and self-governance. (See Socialist Party South Korea 2009, Patry 2010, Cassasas/De Wispelaere 2012, Cassasas/De Wispelaere 2015).
The following six theses on the establishment of a basic income as an all-inclusive democratic subsidy can be derived from these basic principles of radical democracy and social freedom.
- Basic Income must secure what a political community requires from each citizen in terms of money. This includes securing existence, social participation, and participation in political life. This unconditional guarantee of existence and participation has a monetary component. Non-monetary components also exist, such as free access to public goods, and to public infrastructure and services. These monetary and non-monetary components do not exclude each other but rather they complete one another. Both these monetary and non-monetary forms should, first, provide people socio-economic independence and, second, preserve their status as citizens with economic negotiating power whereby they can participate in the formation of society. Without the adequate safeguarding of free and equal conditions of social participation, no democratic participation is possible – formal possibilities for participation are not enough.
Whoever does not have enough material resources is first of all excluded from political participation and, secondly, doesn’t have enough negotiating power within political processes. This means that basic income, like all vital services, needs to be provided long-term. As I see it, this is not a problem in a time of high productivity and surplus. At most, it is a problem for those who do not want to give up economic privileges and political power. There is enough for all—worldwide!
- From a radical-democratic perspective, the basic income on a regular basis is preferable to single disbursements, like with a stakeholder grant or starting capital. Only regular payments can guarantee a lifelong income and its corresponding participation.
- The right to an unconditional basic income must be combined with a modern understanding of citizenship. A distinction between a majority of citizens and a minority of immigrants with regard to elementary socioeconomic rights and opportunities would lead to a problematic division of the community and a majority’s dominance over a minority.
- From a radical democratic viewpoint, people receive the unconditional basic income as equal members of the political community, not as part of a needy group that depends on the state. Any particular stigmatization of population groups splits the community and is a source for domination. That would still be true with a partial basic income (or transfers that do not secure survival or make social participation possible) that is supplemented by need-tested, income-tested, or asset-tested social benefits in order to reach a sufficient level.
It is clear that a person, who must make him or herself a stigmatized petitioner at the social office has a significantly harder time taking an upright path towards the political formation of the community. As Zygmunt Bauman formulated it: “The decisive argument in favor of the basic income is that it is the conditio sine qua non of a republic, as it can only exist in the union of people with self-confidence, of people without existential anxiety. A basic income which actually secures existence and allows social participation would establish a principle of citizens’ rights, rights that are not subject to a divisive and disqualifying ‘access test’ by need tests.” (Bauman 1999). [Note: this is a translation of the Bauman quote as found in Kipping’s speech. –JBM]
Therefore 5 holds: All citizens only have their rights fully recognized reciprocally through a sufficient basic income. This also means that more affluent citizens are comparatively more likely to contribute to the financing of the basic income than the less well-off citizens. This poses the question of the redistribution of economic resources and economic power.
- Basic income is not tied to any condition. An obligation towards any social or political participation would be sources of new domination. These would enable arbitrary interventions. The question of what makes something socially recognizable, and what does not, opens up a considerable amount of bureaucratic discretion. A citizen’s right to a basic income that included a direct citizen obligation would also transform voluntary engagement into regulated compulsory participation.
I would like to end this section with a quote from a German supporter of basic income who is also a politician. “It is farcical that MEPs [Members of the European Parliament] claim to maintain their substantial independence through relatively high salaries in order to make themselves non-extortionable but most of these deputies do not consider it necessary to ensure such independence and non-blackmail for the sovereign, the people” (Spehr 2003, 105). Basic income’s individual guarantee of a secure existence and participation is, alongside other forms of universal security for people (such as free access to public goods, social infrastructure, and social services), an indispensable prerequisite for social freedom, democratic and political engagement and the negotiating power for all people. It is an all-inclusive democratic subsidy!
2. Economic power for all – basic income and democratic institutions
Whoever says A must also say B. Who calls for basic income so that people can enter the public sphere with negotiating power must also call for the public shaping of our political foundations, economy, and everyday life (see Casassas and De Wispelaere 2012 and 2015). We need this to secure a basic income and other sorts of public services. Arbitrary interferences in human affairs through economic power, by endangering survival, health, and natural resources is not acceptable. An economy that is deprived of public organization, an economy that is privatized, is unacceptable. That also means that an economy and a financial sector that is immune to democratic control and influence is likewise unacceptable.
An imbalance in power through the deprivation of the public (privatization) in one form or another reaches deeply into real political and social power relations and removes the political and therefore citizens from the formation and control of public affairs. On the one hand, this includes power that arises from economic distribution—income, assets, and investment opportunities. This certainly also includes power in the realm of shaping and administering the economy and the financial sector. Who actually determines the use of natural resources, production resources, investment and the way in which economic activities are taxed? Who is exercising an alienated domination over the people today with real, unequally distributed, forms of design and control, and who subjects society and the economy to the will of a minority?
In addition to basic income and other forms of life and of participation for all people, social freedom requires the self-government of the citizens: by means of joint and individual control and appropriate intervention possibilities, which are secured by appropriately democratic institutions. These institutions must give all people the opportunity to shape social and economic life individually and collectively (see Cassasas / De Wispelaere 2015).
Economic power for all means basic income, including other unconditional support for existence. It also means the safeguarding of the economy and society for all and the institutionally secured public and political shaping of the economy and the society by all. This makes a democratic social transformation all the more necessary and urgent. Tomorrow, I am speaking at another conference about the challenge that this entails for the European left.
3. Concluding Remarks on Socio-Ecological Transformation
Poverty and exclusion, power over the many by the few, and destruction of the natural foundations of human life – that is the situation.
The international degrowth movement, which is committed to a world with significantly less natural resource consumption and to a rollback of ecological destruction and damage to our planet, therefore argues for the cohesion of ecology, democracy and social security of all people, and thus for the convergence of the various social movements and political actors (see Blaschke 2016).
It seems to me that only with this complex point of view and a committed relationship between social movements can the challenges of the 21st century be countered. Basic income, which in fact assures material existence and enables social participation, is an important component of a social-ecological transformation, which seeks to also be a democratic transformation!
Literature:
Bauman, Zygmunt (1999), In Search of Politics. Cambridge. Polity Press.
Blaschke, Ronald (2016), Grundeinkommen und Degrowth – Wie passt das zusammen? https://www.degrowth.de/de/2016/02/grundeinkommen-und-degrowth-wie-passt-das-zusammen/
Casassas, David / De Wispelaere, Jurgen (2012), The Alaska Model: A Republican Perspective. In: Karl Widerquist / Michael W. Howard (Ed.): Alaska’s Permanent Fund Dividend. Examining his Suitability as a Model, New York, 169-188.
Casassas, David / De Wispelaere, Jurgen (2015), Republicanism and the political economy of democracy. European Journal of Social Theory, September, 1-18.
Kipping, Katja (2009), Ausverkauf der Politik. Für einen demokratischen Aufbruch, Berlin.
Patry, Eric (2010), Das bedingungslose Grundeinkommen in der Schweiz. Eine republikanische Perspektive, Bern, Stuttgart, Wien.
Socialist Party South Korea, Unconditional Basic Income and General Social Care, Party Program, Supplement No. 1, 2009 (Translation of Socialist Party of South Korea, “Basic Income for All und Universal Welfare”, translation by Min Geum, https://www.grundeinkommen.de/ Content / uploads / 2010/08 / 10-05-22-bge-program-socialist-party-korea-endrb.pdf
Spehr, Christoph (2003), Gleicher als andere. Eine Grundlegung der freien Kooperation, in: Christoph Spehr (Hg.), Gleicher als andere. Eine Grundlegung der freien Kooperation, Berlin, S. 19-115.
Spehr, Christoph (2003), Gleicher als andere. Eine Grundlegung der freien Kooperation, in: Christoph Spehr (Hg.), Gleicher als andere. Eine Grundlegung der freien Kooperation, Berlin, S. 19-115.
Translated by Jason Burke Murphy, Elms College
by USBIG | Jan 23, 2017 | News
Karl Widerquist, co-chair of the Basic Income Earth Network and long time Basic Income advocate, will give six talks in five days in the United Kingdom.
![Georgetown University https://i0.wp.com/basicincome.org/wp-content/uploads/2015/01/karl-widerquist.jpg?resize=180%2C270&ssl=1](https://i0.wp.com/basicincome.org/wp-content/uploads/2015/01/karl-widerquist.jpg?resize=180%2C270&ssl=1)
Karl Widerquist
He will discuss Basic Income at a graduate student seminar at the University of Edinburgh, in Edinburgh Scotland from 11:00 to 12:00 on January 26. This event is invitation only.
At 16:00 to 18:00 that day, Widerquist will participate in a launch of his new book, Prehistoric Myths in Modern Political Philosophy (Edinburgh University Press, 2017, coauthored by Grant S. McCall of Tulane University). Widerquist will offer an overview of the book, followed by comments from Dr Leila Sinclair Bright (Anthropology, University of Edinburgh), Dr Simon Hope (Philosophy, University of Stirling) and a Q and A. The event is sponsored by the Foundations of Normativity Project at at University of Edinburgh. It will take place at S1 in 7 George Square, Edinburgh and will be followed by a wine reception sponsored by Edinburgh University Press. More information and preregistration is available online at Eventbrite.
On Saturday, January 28, Widerquist will speak twice at the Conference, “Basic Income: Real Social Security,” Kelty Community Centre, Kelty, 10:30 – 14:00. This event will be the launch of the Citizens Basic Income Network Scotland (CBINS) and will investigate the feasibility of a citizen’s income for local politics in Fife. It will be attended by more than 100 people. Other speakers at the event include Ronnie Cowan and Alex Rowley, both members of the Scottish National Parliament; Professor Mike Danson, Heriot-Watt University; Maggie Chapman, of Scottish Green Party; Paul Vaughn, Head of Community and Corporate Development, Fife; and many others. A news report at Common Space, entitled “Fife to open investigation into citizen’s income as MP attends launch event,” has additional information about the upcoming event.
On Monday, January 30, Widerquist will deliver a public lecture entitled, “Basic Income: the centrepiece of a just society,” as part of an event from 13:00 to 15:00 at Manchester Metropolitan University (MMU). The event is hosted by Steady State Manchester and the Research Center for Social Change and Community Wellbeing at MMU. Details about Widerquist’s lecture, including registration information, are available on EventBrite. The event is free and open on the public.
Finally, Widerquist will present again on his latest book, Prehistoric Myths in Modern Political Philosophy, at the Politics department in the Arthur Lewis Building at Manchester University from 16:00 to 17:30. This event is invitation only.
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by Roland Duchatelet | Jan 18, 2017 | Opinion
Finding the money to pay for our social security is becoming more difficult, because paid work is being replaced by robots — the financial foundation of the social security system is crumbling. This is true whether we talk about financing basic income or any other social security system. Increasingly, automation is replacing “productive” jobs. There is still room to create jobs in basic services. However, such jobs do not create enough “added value” to “contribute” to the financing of our social security system. We are happy that these new jobs provide an income to those families. But it is too far stretched to believe that prices for such “proximity” services, helping each other, can be inflated by social security contributions.
Because the distribution of purchasing power is essential to fuel our economic system, time has come to search for other sources of funding, other than “social security contributions” from labour.
An obvious tax-free way to help fund social security is to reduce the cost of public administration and public services through productivity gains. Another tax-free way is to use the profits of state owned companies to fund social security. Many countries own companies, in full or in part, such as in transportation, mobility, housing, banks, car manufacturing, electricity, water distribution, telecommunication etc. Some of those companies do well, others do not. In most countries, the sum of the profits (and losses) derived from those state-owned companies is low in comparison to the cost of the social security system. Sovereign wealth funds are a special category of state owned companies. Their goal is to generate profit out of the collective savings by the country to cover future social security expenses, like retirement benefits, but also to conduct economic stimuli programs in periods of economic decline.
This induces a discussion regarding to which part of the social security should be funded by savings and which part should come from “redistribution” (sometimes referred to as “repartition”). There are both public and private schemes to fund retirement benefits out of savings. However, in most countries repartition funds the biggest part of the retirement budget. In most countries, the non-retirement social security benefits like child allowances, unemployment, illness, and health care are almost entirely funded by redistribution. It is largely recommended that no matter what state your country’s economy is in, you should always save money yourself for your retirement too. It is possible that you might become incapacitated and unable to decide how this money is handled due to old age, therefore electing someone to have power of attorney on your behalf is also a crucial part of planning for your future. You can learn more about power of attorney here.
Very little academic work has been done on the ideal mix of social security funding between savings or repartition. Imagine a social security system which would be completely funded by (public and private) savings. That would be a huge challenge for any economic system because the percentage of required savings in the real economy would be extremely high. Moreover, there would be huge asset inflation leading to high volatility in stock markets and perceived personal wealth, this in turn yielding high instability in spending in the real economy. The short answer therefore is that the part of savings in our social security system should be relatively low.
Some defend the idea of money creation to fund basic income. The problem with this proposal is that it supposes an expanding economy while the population in most European countries are starting to shrink.
What would happen if we dig a hole into the ground and we discover tonnes of gold, gold available in massive quantities, just like water? What would be its value? Except for a few industrial applications, gold is useless. The reason it is used in jewels is based on its scarcity rather than its beauty.
However, we found something more useful while digging: oil. It can be used to make plastics and all sorts of other useful materials. Moreover, it can be used to produce heat or electricity. In oil or gas-rich countries the oil industry is massively contributing to the state income: social security is funded, at least in part but often completely, by this “black gold.”
Astonishingly, so far, the benefits of the black gold bonanza were only moderately used in countries which do not have these natural resources. They could have levied far higher import or consumption taxes on oil products than they actually did.
Higher taxes on energy consumption is an obvious way to finance social security in 2017, rather than demanding low income workers to share a big part of their small income to fund their health care and future retirement. Such a tax would surely reduce energy consumption and lower CO2 emissions. What is wrong with that? Either way when it comes to finances and especially retirement in our day in age now, more people are in fear of their own instability, if you’re one of these people you should be looking at ways to increase your retirement pot.
Maybe there are other “good” taxes? In Macau, the gambling tax, which is mainly contributed by visitors, finances a yearly basic income for all inhabitants as well as a fair share of the health care system. While in Sweden, their gambling tax seems to be in order to regulate their gambling market, preventing it from spiraling. You can read more here – https://battrenyheter.se/artikel/spelskatten-taljer-guld-at-svensk-ekonomi/. Different countries require gamblers to file their winnings in different ways, so it’s important for people to check their country’s regulations on gambling income. For anyone who is interested in bringing in some gambling income, it might be worth looking for an online livemobile66 slot game. That will give users the option to play for money, allowing them to start bringing in some gambling money.
Any other taxes?
Taxes should fulfill 3 requirements:
- They should be significant enough such that the cost of enforcing and collecting them is small compared to the revenues.
- They should be socially desirable. For example, a tax on exchanging services with each other is undesirable. A tax on cigarettes is a very good tax, a tax on alcoholic beverages as well, just like a tax on electricity or oil products.
- They should be difficult to avoid or defraud.
Why not a smart tax on robots? For example, a tax on products made by robots, while it doesn’t matter if those products are made in the country or elsewhere. However, even if a smart phone would cost twice the current price, we still would buy it, just like we would buy our PC or fridge at twice the price. The easy way to implement such a tax in practice is to increase the value added tax or the sales tax on such products. The goal is to replace the “social security contributions” on low wage labour, because tax on low paid jobs is a bad tax. The problem is that the political world is not aware of that yet.
The replacement of high added value jobs by robots undermines the current mechanism of redistribution of wealth, such that some political voices emerge which are pleading to reduce social security benefits. We need to find a better way to fund our social security. This is essential to win the battle for basic income.