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World Basic Income Laura Bannister Paul Harnett NABIG Congress 26 th May 2018

Explore how dividends from global commons can finance a World Basic Income, shifting taxation focus to broaden social welfare. Learn about potential funding sources, including CO2 tax and inheritance tax. Join the movement for economic equality and social progress today!

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World Basic Income Laura Bannister Paul Harnett NABIG Congress 26 th May 2018

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  1. World Basic Income Laura Bannister Paul HarnettNABIG Congress 26th May 2018

  2. The Alaska Model Now Using dividends from the global commons to pay for a World Basic Income

  3. Video

  4. So, along with many Basic Income advocates, we propose that we revolutionise our taxation systems, moving the emphasis from income tax and sales tax, to taxing the global commons. As such we all owe a huge debt to the Alaska model which has demonstrated the advantages of such an approach

  5. We have carried out much work demonstrating that the resources and technology (mobile phones!) are available for a World Basic Income to be implemented. Today we will share our work in progress on estimating how much the global commons could provide towards a World Basic Income

  6. How much do we need? • Whole world at $10/month - $900 billion • All countries with >10% living in extreme poverty (except India and China) $209 billion • All 'low income' countries with >10% living in extreme poverty $68 billion • 12 poorest countries in the world $16 billion • Sierra Leone, Liberia, Guinea $2.8 billion • Sierra Leone $0.85 billion

  7. Funding streams from the global commons World Basic Income

  8. This work in progress is non-exhaustive. Other potential sources of commons revenue • Big Data (FB, Google etc.) https://www.ft.com/content/5103204e-7b5b-11e7-ab01-a13271d1ee9c • Inheritance tax • Other taxes on pollution (air, land and sea) • Other taxes on natural resources (oil, minerals etc.)

  9. Our figures are conservative. CO2 tax could raise twice as much if we taxed CO2 at $100/tonne. The EU parliament suggests that FTTs could raise $650 Bn

  10. Our vision is not in competition with national BI efforts but complementary. No doubt if many of these taxes are raised then there will be discussions about their use whether nationally or internationally

  11. The point of World Basic Income is to widen the debate, as well as emphasise that the countries that should start with BI are the poorest in the world. We are trying to mobilise for a BI in Sierra Leone which would cost less than 1 Bn/year

  12. Given that it is possible, we should do it. We’re working on building a movement. Join us!

  13. World Basic Income www.worldbasicincome.org.uk

  14. Some other potential sources of non-commons (?) financing • 62 Billionaires own $1,760 billion • Apple alone has a cash pile of $235 billion • Off-shore accounts - $21-31,000 billion • Tax Avoidance by MNCs - $100+ billion • Illicit finance flows – Estimated $1,090 billion lost from developing countries in 2013 • Aid (official ODA) - $137 billion 2014 • Ending fossil fuel subsidies • Cut military spending • Shut down tax havens

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