There is much variety in Basic Income proposals. Here I consider a U.S. national plan that pays every citizen without discrimination by age or any other condition. This plan replaces all federal programs that make transfer payments or provide individual benefits. For example it replaces social security, medicare, medicaid, disability, food stamps, supplemental security income, and everything else.
There are many kinds of taxes: income, consumption, property, capitation, excise, import, etc.
A large purpose of Basic Income is to reduce poverty. For healthful living, both production and consumption are important. Therefore, I consider equal taxing of income and consumption to finance […]
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