[FoRK] New Benefits of Marriage Study Actually Hints at the Horrors of Middle Age

Damien Morton dmorton at bitfurnace.com
Fri Jan 23 09:19:53 PST 2015


On Fri, Jan 23, 2015 at 9:50 PM, Gregory Alan Bolcer <greg at bolcer.org>
wrote:

> What is an unconditional basic income?
>

https://en.wikipedia.org/wiki/Basic_income

An *unconditional basic income* (also called *basic income*, *basic income
guarantee*, *universal basic income*, *universal demogrant*,[1]
<https://en.wikipedia.org/wiki/Basic_income#cite_note-1> or *citizen’s
income*) is a form of social security
<https://en.wikipedia.org/wiki/Social_security> system[2]
<https://en.wikipedia.org/wiki/Basic_income#cite_note-2> in which all
citizens or residents of a country regularly receive an unconditional sum
of money, either from a government or some other public institution, in
addition to any income received from elsewhere.

Essentially, you eliminate nearly all bureaucracy and management associated
with social security systems, and replace it with a simple monthly payment
to every single citizen.

Coupled with a flat tax, you get a taxation system in which the effective
tax rate smoothly asymptotes towards the flat tax rate as income increases.


> Greg
>
> On 1/23/2015 7:57 AM, Damien Morton wrote:
>
>> Flat tax is great, especially when coupled with an unconditional basic
>> income - the net effect is progressive taxation
>>
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