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Our Agenda

A conscious acknowledgement of our common purpose as fulfilment without harm so we may organise ourselves, our justice systems, our economies, our organisations, and our societies to enable our pursuit of it. The organising principle of fulfilment without harm must override the pursuit of money and/or power. Specifically: (more...)

Monday, January 31, 2011

A Shared Base Income & Responsible Spending

The shared base income is a total of the tax collected on the trade in goods and services that individuals and companies produce and sell. This tax is half of the profits from that trade (half for me, half for you). That means it is a flat 50 percent tax on individual incomes and business profits.

Out of the shared base income is taken the costs of providing government services, such as health insurance (which funds public/private health care provision), education (which funds public/private education provision), and defence and infrastructure (roads and so on). These expenses are extremely transparent, as they are indicated as distinct amounts against the shared base income (SBI) in accounts sent out to everyone on a regular basis – thus, everyone knows how much of their SBI is directed to health, to education, to defence, and so on. What's also taken out, as a fixed percentage of the total SBI so that it fluctuates directly with the production of the nation, is the universal base income that people receive directly in dollars.

This method gives people a direct connection to the income of the nation so that everyone can realise how their fortunes are tied together. This results in a much greater sense of sharing and community. The delineation of what the SBI is spent on gives people the power to understand the division of spending. Comprehension of the costs of government and public sector service provision enables people to make informed representations to government and to involve themselves directly in policy decisions that affect the areas of spending they care about. This puts pressure on government, administrators and the public themselves to spend responsibly and judiciously.

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