How a Basic Income could be funded from Income Tax in the USA

A flat income tax rate of just 27% could fund a Basic Income in the USA of $9,000 per annum, virtually eliminating poverty, increasing disposable income and reducing effective taxes across the board. I was recently challenged to come up with a scheme that would fund a basic income in the USA at a level…

How a Basic Income would reduce taxation

The efficiency of a Basic Income would mean that less tax revenue would be required to support redistribution of wealth than the current tax and benefits system The most common criticism of a Basic Income is that it would be too expensive. “We simply can’t afford it,” “It would require a huge increases in taxes,”…