View and comment on the full proposal: https://tinyurl.com/VoluntaryBasicIncome
Do one thing, and do it well: voluntary basic income.
Member-based, voluntary income redistribution.
Every member contributes.
Every member benefits.
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.
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.
The aspiration is that every dollar that comes in will be dispersed as a basic income payment. Targeting 99%+ efficiency.
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
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