Voluntary Basic Income
 

Basic Income is not left or right

It's forward

Why wait for government?

 

 
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Proposal

View and comment on the full proposal: https://tinyurl.com/VoluntaryBasicIncome

 

Mission

Do one thing, and do it well: voluntary basic income.

Member-based, voluntary income redistribution.

Every member contributes.

Every member benefits.

That's it.

 

Core tenants

Apolitical

The organisation will not involve itself in politics, e.g. it would not advocate for or against a governmental basic income. Support for basic income comes from all corners of the political spectrum: traditional progressives, libertarians and conservatives.

Transparent

Everything from meeting minutes to full expense breakdowns would be made available to members. Operating documents, and any software would be made publicly available. The reality is that you can’t please everyone. If others want to organise differently, they shouldn’t need to reinvent the wheel. Call it the “standing on the shoulders” principle, if you will.

Efficient

The aspiration is that every dollar that comes in will be dispersed as a basic income payment. Targeting 99%+ efficiency.

 

 

Fact sheet

 

General Members

  • Cash income redistribution

  • Member-based, not-for-profit organisation

  • Benefit: Equal share of member contributions.
    No means-testing, no paternalism, no work requirement.

  • Contributions: 10% of income

  • Efficiency: Cash-based and without means testing should allow for very high efficiency.
    Targeting 99¢ of every dollar being redistributed

  • Membership: Open to everyone in the US who supports voluntary basic income, including children (see below)

  • Voluntary association: Members are free to leave at any time

  • Tax: Neither contributions nor benefits are taxable/tax-deductible

  • Governance: Democratic, with recallable board and supermajority (3/4) voting

 
 
Benefit and contributions by income, Adult members Assumes the member pool is similar to the US at-large [Census Bureau, Poverty Guideline, Income Percentile Calc].  

Benefit and contributions by income, Adult members
Assumes the member pool is similar to the US at-large [Census Bureau, Poverty Guideline, Income Percentile Calc].

 

Net contribution percentages Assumes the member pool is similar to the US at-large [Census Bureau, Poverty Guideline, Income Percentile Calc].

Net contribution percentages
Assumes the member pool is similar to the US at-large [Census Bureau, Poverty Guideline, Income Percentile Calc].


 
 

Minor Members

  • Minor children are eligible for membership

  • Parent (legal guardian) must be a member

  • Contributions: Identical to adult members

  • Benefits, basic income: 50% benefit to child immediately

  • Benefits, basic capital / lump sum / baby bond:
    50% held in trust for basic capital, a lump-sum benefit at ages 18 and 25

Basic capital benefit for child members, by age Assumes the member pool is similar to the US at-large [Census Bureau, Poverty Guideline, Income Percentile Calc].

Basic capital benefit for child members, by age
Assumes the member pool is similar to the US at-large [Census Bureau, Poverty Guideline, Income Percentile Calc].


 

 

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