Sunday, November 1, 2015

Financing Basic Income Gurantee

No interest Debt
No Interest Debt

The simplest way to finance a "Basic Income Guarantee" is to levy a flat FICA tax on all income (excluding Basic income ] on both employer and employee.

The tax is necessary only to balance the money circulating in the economy to the amount of available skill labor, productive capacity, and raw material to control inflation when the ability to produce essential goods & service becomes stressed.

Most of the cost can be just added to the federal debt. That could be financed by the federal Reserve System with 100 year Bonds at 0.25% interest and the Bonds can be retired from existance when it reaches maturity