Tag Archives: reform scotland

Is the Basic Income Guarantee an idea whose time has come?

Way back when I was first involved in politics, the ideas that everyone should have a basic income and that tax and national insurance should be integrated were mainstream SDP/Liberal Alliance ideas.

The Greens have in recent years been the only party to advocate such a change but during the General Election, Natalie Bennett was unable to convince people that it was affordable.

This week, think-tank Reform Scotland has come up with a costed scheme to give every adult a basic income of £100 per week and every child £50. The authors, Liberal Democrat Siobhan Mathers and Scottish Green candidate James Mackenzie, acknowledge that there would be a cost, around £2 billion in Scotland, £12 billion across the whole UK and that personal taxation rates would have to rise by about 8%, but that nobody earning under £26,000 a year would be worse off. However, with 2 children, a £100k household would be over £1200 a year better off

It’s certainly radical, with those on lowest incomes gaining and those on £100,000 without children being around £2,200 a year worse off, but isn’t that what a progressive tax system is supposed to do? There is a question, though, around whether a £100k household needs to be mae £1200 a year better off courtesy of the state.

The report argues that there are seven big advantages of such a scheme:

Posted in Op-eds | Also tagged , , , , , and | 25 Comments
Advert



Recent Comments

  • User AvatarNonconformistradical 15th Dec - 5:38pm
    @Michael BG "Increase the National Minimum Wage to 70% of average earnings within seven years" What sort of 'average' are you implying? Median or mean?
  • User AvatarYousuf Farah 15th Dec - 5:33pm
    @Michael BG Well said Michael. I agree with every word. Our policies and commitment to Liberalism should define us, instead of being bogged down by...
  • User AvatarDavid Evans 15th Dec - 5:14pm
    Richard Elliott - I'm afraid the one point where you are mistaken is when you say "In the South-West we used to get the left...
  • User AvatarMichael BG 15th Dec - 5:10pm
    Nick Barlow, I thought that for both policy papers I referred to that there was an extended consultation and they were not just produced in...
  • User AvatarMichael BG 15th Dec - 4:49pm
    Dave Chapman, You question our policies and then ask us to convince you to vote for us. Therefore I will not state our existing polices....
  • User AvatarElaine Woodard 15th Dec - 4:35pm
    Paul, I hadn’t even considered how disenfranchised the overseas members are and you are right that it has to be sorted out. For this early...
Tue 7th Jan 2020