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Living Wage v Citizens Income
#1
Elsewhere on this forum I have put forward the case for a real living wage, arguing that through more progressive taxation this would be possible by removing smaller businesses such as corner shops from tax contributions it would allow them to pay the real living wage. The lost income would be recuperated through additional income tax from workers, plus additional money circulating in the economy from increased incomes.

Steve Radford in a Facebook post has made a valid point that the real living wage would increase employment costs by 30% which could lead to redundancies, and illegal employment along with the lack of workers rights that accompany it. Steve argues for a minimum wage set per industry.

Elsewhere I have also put forward the case for a version of means tested Universal Basic Income (a National Income Scheme). Again I have argued that through more progressive taxation this AND Universal Inheritance could be feasible.

A way forward could see this Citizens Income or National Income Scheme combined with industry or business income set Minimum Wages. The goal has to be providing a 'Living Income' for all citizens, allowing them to house, feed and clothe themselves and delivering people from poverty. Combine this with a Universal Inheritance lump sum to encourage business set up, investment and/or home ownership and a progressive, poverty free society can be delivered which does not dent aspirations.
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Living Wage v Citizens Income - by Stone de Croze - 10-06-2016, 07:11 AM

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