F A Q’s

UPDATED Unconditional Basic Income: FAQ
 
1. Wouldn’t it just contribute toward inflation?

If giving every adult £170 a week would contribute to inflation, what would happen if everyone “worked hard and got on” (current Conservative manifesto mantra) and earned an extra £170 a week?

Would that also be eaten up in inflation?

If so “working hard and getting on” is just as pointless as giving everyone an unconditional basic income.

 
2. Wouldn’t it undermine the incentive to work?

It does exactly the opposite.

It incentivises work, because it abolishes the benefits trap.

Anyone doing any form of paid work will always be better off than someone subsisting on their Tax Free Unconditional Basic Income.

It also frees the entrepreneurial spirit in every citizen

 
3. 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

http://www.citizensincome.org/filelibrary/poster2013.pdf

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

 

therefore

 

A budget surplus of £23 Billion

 

Enough to treble the UK transport budget!

 

4. Won’t this just lead to a massive influx of immigrants coming to the UK to claim their free money, no strings attached?

Answer. The Unconditional Basic Income is simply enough money to cover a human beings basic needs for food, heating, clothing and shelter.

If someone comes to this country, simply so that they can have their basic needs for food and shelter met, then they must have been living in pretty hellish circumstances in the country they left behind.

We as UK citizens should be proud of our ability to help out our fellow human beings.

If someone who comes to this country wants more than just a basic existence and instead wants to have the better things in life they will have to work in other paid work to earn the money to do so.

Assuming the majority of immigrants are coming because they want the better things in life that western society offers, then these immigrants will go out to work to earn extra money.

They can earn this extra money in the new jobs that are created, making the goods and services that are needed to “supply” the “increased demand” for goods and services that this influx of immigrants creates.

Always remembering that someone happy to “subsist” on their Unconditional Basic Income, will use their time to follow their passions in life, use their talents to contribute to society, use their entrepreneurial spirit, create social enterprises, care for their families, live healthier, happier lives etc etc etc

Whatever happens its……

Win:Win

A. WHY DO WE NEED AN UNCONDITIONAL BASIC INCOME?

1. Where  will you find the money to pay for this?

2. But people wouldn’t work?

3. I’m Right Wing politically, why should I vote for the Unconditional Basic Income Guarantee?

4. I’m Left Wing politically, why should I vote for the Unconditional Basic Income Guarantee?

5. I’m Rich, why should I vote for the Unconditional Basic Income Guarantee?

6. I’m Poor, why should I vote for the Unconditional Basic Income Guarantee?

7. You’ll cause hyper inflation?

8. The Unconditional Basic Income Guarantee. All your questions answered in 800 words.

9. Links

A. WHY DO WE NEED AN UNCONDITIONAL BASIC INCOME?

The way we see it is we are born on a planet with the resources to live.

After that we can do stuff to make life better and/or more interesting.

Since the ‘ownership’ idea has got a little out of hand and certainly in this country (UK) you cannot survive without money because all the ‘resources’ are ‘owned’ then you should have the wherewithal to ‘survive’. (It was the idea behind the welfare state but that has got too complex and divisive and currently is being withdrawn.)

So to keep things simple everyone – no exceptions, no means testing – gets the basics to survive and after that you can do stuff to make your life better.

1. Where  will you find the money to pay for this?

Funding the unconditional basic income. the figures.

Scrap welfare and pensions budget raises £6375 per UK adult.

Scrap the tax free personal allowance raise income tax to 50% raises at least another £5000 per UK adult.

Pay every UK adult an unconditional basic income of £11375 a year instead and it also means anyone who takes paid work will always be better off, solving the “benefits trap” problem.

It is also possible to replace income tax with the land valuation tax while raising the same amount in tax revenue.

what’s not to like?

These are some other musings on this subject………

“We produce more than enough food to eradicate world hunger, pity there isn’t enough money to pay for it all”

Asking “How do we find the money to pay everyone an Unconditional Basic Income?”

is like reading the above quote and saying

“Yeah, so how do we find the money to do it?”

Give everyone an unconditional basic income and let the free market determine which jobs were necessary and how much pay was required to fill them

We are convinced that nobody can sit idle for long, and those that can, are no major tax on society. UBI alters the power Dynamic of market game theory. There is a reduced level of coercion in market underpinned by UBI, which in turn leads to an abundance in labour, which in turn reduces the cost of labour, which in turn reduces the general cost of living, which eases the burden of expense of providing a UBI… It’s literally a whole new ball game then

A. Quantative Easing + Bank Bailouts currently cost £375 Billion. Social Security and Pensions cost £255 Billion. Thats £30 Billion more than is needed to pay every UK adult resident an Unconditional Basic Income of £15,000

B.  A 50% Income Tax on the average wage in the UK of  £26,000 a year,  will further raise an average of £13,000 per person.

C. There will also be a 5% Sales Tax on all transactions, whenever money is turned over/transacted/spent, which will raise further revenue.

D. If the UK economy can fund an average wage of £26,000 a year, that same economy can fund an Unconditional Basic Income of £15,000 a year  for everyone.

(£26,000 is an average wage mind. The Basic Wage of an MP is £65,000 and that’s before all those flipped second homes and MP’s expenses)

E. Meeting peoples basic needs, will bring about a happier, healthier, creative and dynamic society, with less crime and the resulting reduction in Government spending.

If all the money in the world disappeared overnight, we would still live.

If all the resourses disappeared overnight, we’re dead.

Money is simply a man made means of distributing those resourses

Most importantly, there are enough actual resources to meet everyone’s basic needs.

To not do so is insanity.

2. But people wouldn’t work?

Giving people enough money to live on obliterates poverty and frees everyone’s entrepreneurial spirit.

First. Research finds that giving money to the poor reduces poverty.

Second. If the concept of the Unconditional Basic Income encourages laziness, why would any right minded parent pass on an inheritance to their children?

Third. Define work?

If work is about earning a wage, why is there a term “voluntary work”? Voluntary work doesn’t receive a wage. Neither do parents, who stay at home, working very hard, nurturing children and contributing many hours of unpaid work towards the family well-being.

If work is about “contributing to society”, we need to define contributing, does it matter if the contribution actually creates any value in the world? or is contributing just “doing something”

There are a lot of “jobs/work” that don’t contribute anything of value to the world as far as I can see. The manufacturing of land mines, arms dealers and call centres, to name but a few.

So what is work?

I think work is doing something you feel passionate about, that contributes something of value to society, and I think the vast majority of people on an Unconditional Basic Income would use their time to do just that.

A recent issue in Bristol, has been the forced closure of care homes, in the name of austerity.

If everyone received an Unconditional Basic Income, maybe more people would decide to use that extra time and freedom to care for their relatives themselves, or maybe with less need to “make a profit” we would see more “social enterprises” springing up to provide services for those in need of them.

If we lived in a society where people were passionate about their lives and what they were doing, we would live in a more fulfilled, creative, dynamic and peaceful world.

So ask yourself , “what would you do just for the love of it?”

3. I’m Right Wing politically, why should I vote for the Unconditional Basic Income Guarantee?

The BIG party proposes to give everyone an Unconditional Basic Income and let true free market economics do the rest. The Unconditional Basic Income is a Libertarian’s dream.

4. I’m Left Wing politically, why should I vote for the Unconditional Basic Income Guarantee?

The Unconditional Basic Income will eliminate global poverty.

The Unconditional Basic Income will restore full employment overnight.

5. I’m Rich, why should I vote for the Unconditional Basic Income Guarantee?

The Unconditional Basic Income will meet all your basic needs, but you can also continue to earn as much extra money as you desire.

6. I’m Poor, why should I vote for the Unconditional Basic Income Guarantee?

The Unconditional Basic Income Guarantee will take you out of poverty and give you the time and the freedom to do stuff just for the love of it.

 

7. You’ll cause hyper inflation?

No extra money is printed and put into circulation. There will therefore be no extra inflation, hyper or otherwise.

As for the question of “wages inflation”

Free Market Forces means vital jobs increase in pay , less vital jobs decrease in pay and non vital jobs disappear altogether creating a surplus of labour, which reduces labour costs as well. UBI also means anyone earning extra in “paid work” is always better off than anyone just living on UBI, solving the “benefits trap” Everybody wins

If you need a second opinion read this article from Jeffrey J Smith

“How to make the BI inflation proof, while also raising wages”

8. The Unconditional Basic Income Guarantee. All your questions answered in 800 words.

Investing in “Team GB”athletes, resulted in a record gold medal haul at the Olympics.

Invest in every man, woman and child on the planet and what would that do?

All people have unlimited potential. All people have unique talents and passions that they can contribute to society.

What we need to do is find ways that get people to realize this potential, so that, individually, they can live fulfilled, happy lives and together, we, as a community, can reap the rewards of living in such a society.

The Unconditional Basic Income is an investment in people.

Gift people enough resources to live on, and then see what sort of society they create.

If elected The BIG Political Party  will pay every adult resident UK citizen an Unconditional Basic Income of £15,000 every year, index linked to inflation, eradicating poverty and giving them the time and the freedom to do stuff just for the love of it.

If they earn extra money doing this stuff, that’s an added bonus.

They will receive this Annual Unconditional Basic Income whether they are working in other paid work, non working or retired.

I will fund this Annual Unconditional Basic Income by introducing a tax on all spending. A small percentage tax whenever money is turned over, transacted or spent.

Here’s an example.

The Government gifts me £5. I pass that £5 round a group of 10 friends. By the time the £5 comes back to me, it has been “spent” 10 times. Creating a turnover of £50. If the government taxes that turnover at 10%, it raises £5 in tax. Hence, balancing the books.

Question: Surely the Unconditional Basic Income, just encourages laziness rather than hard work and social mobility?

First. If the concept of the Unconditional Basic Income encourages laziness, why would any right minded parent pass on an inheritance to their children?

Second. Define work?

If work is about earning a wage, why is there a term “voluntary work”? Voluntary work doesn’t receive a wage. Neither do parents, who stay at home, working very hard, nurturing children and contributing many hours of unpaid work towards the family well-being.

If work is about “contributing to society”, we need to define contributing, does it matter if the contribution actually creates any value in the world? or is contributing just “doing something”

There are a lot of “jobs/work” that don’t contribute anything of value to the world as far as I can see. The manufacturing of land mines, arms dealers and call centres, to name but a few.

So what is work?

I think work is doing something you feel passionate about, that contributes something of value to society, and I think the vast majority of people on an Unconditional Basic Income would use their time to do just that.

A recent issue in the UK, has been the forced closure of care homes, in the name of austerity.

If everyone received an Unconditional Basic Income, maybe more people would decide to use that extra time and freedom to care for their relatives themselves, or maybe with less need to “make a profit” we would see more “social enterprises” springing up to provide services for those in need of them.

If we lived in a society where people were passionate about their lives and what they were doing, we would live in a more fulfilled, creative, dynamic and peaceful world.

So ask yourself , “what would you do just for the love of it?”

How do we fund it?

1.Meeting peoples basic needs, will bring about a happier, healthier, creative and dynamic society, with less crime and the resulting reduction in Government spending.

2.The current budget for Quantitative Easing (printing money from thin air), Welfare and Pensions is more than enough to fund a £15,000 Unconditional Basic Income for everyone.

3.If the UK economy can fund an average wage of £26,000 a year, that same economy can fund an Unconditional Basic Income of £15,000 a year  for everyone.

(£26,000 is an average wage mind. The Basic Wage of an MP is £65,000 and that’s before all those flipped second homes and MP’s expenses)

Most importantly, there are enough resources to meet everyone’s basic needs. If the current economic system can’t cope with that, then that system is useless.

These are unprecidented times. We have to start doing things differently. We need to throw the rule book out of the window.

The parrot is a dead parrot.

Now its time for something completely different.

Obviously no system in itself can create a “better” society. As I’ve said all people have unlimited potential, and that includes the potential to be angry, greedy and disrespectful as well as courageous, respectful and wise.

Human anger causes war, and human greed leads to economic meltdown, but by giving people time and freedom to do the stuff they love and feel passionate about, the Unconditional Basic Income is a huge leap in the right direction.

9. Links

Research finds that giving money to the poor reduces poverty. – Research finds that giving money to the poor reduces poverty.

Basic Income UK – Basic Income UK

“A Town Without Poverty” –  Canada’s only experiment in Unconditional Basic Income
Economical Resources and Funding A Basic Income – Invaluable Encyclopedia of Information

The Peoples Building and Land Trust – One Way To Meet Peoples Basic  Needs For Shelter

Left & Right Agree with an Unconditional Basic Income – The Argument for an Unconditional Basic Income

How to abolish the benefits trap – Guardian Newspaper Article

Guaranteed $20K income for all Canadians endorsed by academics – Canada

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