Labour and Conservatives are hiding their plans to make severe cuts to public spending after the election.
I am not.
Here is my fully costed plan.
5. What is your fully costed plan detailing how the Tax Free Unconditional Basic Income would be paid for and implemented?
Based on these figures from the citizens income trust
The cost of implementing the Tax Free Unconditional Basic Income. No strings Attached is £508 billion
51 million adults aged over 16 to be paid £170 a week = £450 billion
11 million children aged 0-15 to be paid £100 a week = £58 billion
The money to pay the Tax Free Unconditional Basic Income, No strings Attached, can be raised like this
Abolish current benefits system = £204 billion
Raise income tax from 20% to 50% = £132 billion
Abolish personal tax allowance = £170 billion
Abolish housing benefit = £25 billion
Total raised = £531 billion
Total spent = £508 billion
A budget surplus of £23 Billion
Enough to treble the UK transport budget!
For more information about the unconditional basic income, please visit this web site