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ENGINEERING ECONOMIC VITALITY FOR ALL

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BASIC INCOME

Our Nation's Prosperity Depends on Two Factors

  • Our ability to produce all we need, and

  • Our ability to buy all we produce.

Our Ability to Produce More is Not the Problem

The problem is matching the ability of the consumer to buy with our ability to produce.

Basic Income Would Grow the Economy

With a 0.2% payments tax we could eliminate all our other taxes, which would give us extra spending money, and we could afford to pay $24k in basic income to every adult citizen in the nation.

Basic income puts money in the pocket of consumers, increasing demand so the economy can reach its full potential.

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A Stable Retirement

We could also afford to pay senior citizens ages 70 and over $30k per year in basic income.

This would replace Social Security with a more stable and efficient retirement system.

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Learn More About Basic Income

WORK CREDITS

Earned Income Credits Incentivize Work

With a booming economy, we want people to work, so we should couple basic income with earned income credits.

Note that welfare recipients lose their benefits if they work today, trapping people in a cycle of poverty.

A 0.2% payments tax would generate sufficient revenue to pay the following credits.

Income Bracket

$0 – $10k

$10k – $20k

$20k – $30k

Earned Income Credit

50%

35%

25%