2.6K Followers
·
Follow

A Policy Proposal

Image for post
Image for post

Executive Summary

This document proposes a basic income for the U.S. in the form of a negative income tax (NIT).

It proposes an income floor for all adults (18+) in the economy of $13,000 per year, indexed to the federal poverty line. This proposal leaves aside the question of how best to include minors, but no basic income is complete without either a reduced rate income floor for minors, or a child allowance passed alongside.

Under this proposal, an adult earning $0 annually receives the full $13,000. As their earnings increase, their NIT benefits are phased out with a 33% tax rate, zeroing out benefits for incomes beyond $39,400. …


(Consider the Basic Income)

Image for post
Image for post
Drawing by Paula Ensign

Basic income could be like injecting a syringe of vitality into our weary veins, from which a rush of economic possibilities would re-color our perception of the world.

These days, the only thing that feels so certain as the need for socioeconomic change is the learned sense that nothing will, in fact, change. The powers that be will prevail. We will lead the lives society arranges for us, like schoolchildren who awaken to find their outfits already hanging on the doorknob.

We may harbor the inchoate idea that the whole of life should perhaps be arranged differently. But we’ll learn to let that be. We’ll learn to savor the small pellets of satisfaction as they come, like birds passing overhead that wrench our heads skywards, granting us a distracted moment to marvel at the great blue expanse above, only to return our gaze to the earth we’ve grown so ambivalent towards. …


Poverty, Inequality, & Post-Scarcity

This is an essay about Universal Basic Income (UBI) in the same way that arguing with your spouse over leaving dishes in the sink is really about the dishes. Sure, the dishes matter. But there are deeper, subliminal forces at play. Those are what really matter.

UBI spearheads a resurgent utopian energy to ground economic policy in radical, pragmatic visions of a better world. …

About

Oshan Jarow

Interested in many things, like consciousness, meditation & economics. Sure of nothing, like how to exist well, or play the sax (yet). More: www.MusingMind.org.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store