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Bastian Brandt

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Universal monthly allowance for all, financed by a 5% sales tax.

This Monthly Basic Income is also granted to every child that is registered in the region but will be given to their parents until it reaches the age of 18.

It may be granted to them directly, if they use this money to pay their school-fee.

The money to pay for the Monthly Basic Income will come from a purchasing tax of 5% which will be added to the price of all goods and services that are purchased and monthly collected from all business owners.

Due to the fact that richer people buy more goods and services, they will pay the 5% purchasing tax, as well as the 5% of high priced, high quality items more often, than people with less income. This money will support every registered citizen in the region and it will lead to a higher degree of financial equality.
The monthly collected amount from the 5% Purchasing Tax, shall only be used to be given to all citizens of the region as a Monthly Basic Income, that serves as a social and financial safety net for them.

The mathematics behind the Monthly Basic Income is as the following:

Total monthly collected Purchasing Tax :(divided by) The regions population

=(equals) The amount of money that will be granted to every registered citizen of the region as their Monthly Basic Income

I am a big supporter of the idea to implement this Monthly Basic Income, because it represents the principle, that one supports all (the customers that pay the 5% purchasing tax with their every purchase) and all ( the representing officials) are supporting every single citizen of the region.

Topics: economics society

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  • Oct 16 2012: I wouldn't mind. But how about people receive this income if they are employed? Or something of an incentive to get people employed and make sure they don't use this primarily for income instead of getting a job? How much would this income be for all? It sounds real good, but can be a double edged sword. Maybe put an age limit as well?

    I think this can help because the middle class is what keeps the economy going in the first place. If the working class has money, demand keeps going.
    • Oct 17 2012: I, personally, believe that it is a human right to have access to the necessities of life regardless of your situation and occupation. I see tremendous opportunities and benefits of having a social program like this in place. Take innovation for example. Innovation in every field requires experimentation. So, if we want to find better solutions and systems to our present problems, we need space to experiment in. A Basic Income Guarantee would create this space. It would create the space for innovators to truly focus and dedicate their time on their experiments and not needing to submit to a full-time job in order to provide for themselves.

      I also see an exponential increase in incentive and motivation for everybody to participate in society, as a result of the Basic Income Guarantee "taking care of them" and wanting to return the favor because of that. This would generate a steady high input of resources/money to sustain such a social program thus increasing our quality of life exponentially.

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