In addition to the standard income tax rates, there are different tax rates. The tax rates for the five major groups can be checked by clicking here (English only).
The basic income would be paid at low, medium and high tax rates and it would also be paid by the State.
The Basic Income would work alongside existing social security systems and benefits to help people cope with an income loss.
Who is going to run it? In many countries the State runs the system of providing public funds to support people in circumstances of economic hardship. They have different responsibilities depending on whether they are a government or a private business, a charity, an individual contributor and so on – so in many societies the state has a social safety net. In many other countries the system of providing social security is owned by the government and is funded by taxes. How the Basic Income would work.
The state will provide funds to support a range of income support activities that the basic income can be used for – for example:
care arrangements for people who are sick
personal support payments for single mothers and those caring for children under age 2.
These basic income schemes and social security systems are different ways of distributing money to poor people. This makes the basic income more like income security services for the poor than basic income schemes. The basic income also would give people the choice of a range of incomes, as it would be designed to be suitable for someone working full time or at least part time.
Income security services already exist in many European countries. For example the social security system has been run for over 100 years as a welfare provision, but for the first time we can imagine a completely new system. Many other countries already provide income security services – the Danish version of the Basic Income (Kostenskasse, Kosten-skatep) provides free basic living accommodation (basically an apartment) for those on low incomes, the Swedish income security system is run by the Social Insurance Fund, and the Norwegian income security system is run by the State. In Sweden the most recent income security service has been introduced, for those on low incomes living on the welfare state.
In countries where it does not work
The idea of a universal basic income is often proposed for example in Iceland, Sweden, Norway and Switzerland by people who see it as a solution to the problems of income instability and poverty.
There are many problems with these proposals.
1. They can also be used
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