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Letter to The Economist - Universal Basic Income
I read with interest your recent article high-lighting the concept of a Universal basic Income (The Economist,(June 4th -10th 2016).

The real Liberal Party has long offered an alternative in the form of a Universal Inheritance. This would be funded by reform of UK inheritance tax, to provide a lump sum for each and every qualifying young person in this country.

In order to be fair to adjacent year groups, UK Universal Inheritance at 25 would be increased annually by £1,000 over ten years or more from £1,000 in the first year up to £10,000 or more, roughly 10% of average wealth of every adult and child in the UK

This is a corner stone of our policy for creating an opportunity society, whilst making for a modest, but progressive redistribution of wealth in our country.

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