Basic Income Ireland introductory presentation

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Basic Income is an idea whose time has come. This presentation offers a general introduction to basic income with specific reference to Ireland. More information is available on our website Please contact us through our site if you would like us to come and talk about basic income.

  • The Industrial Economy simply can't fund a 'Basic Income'. Money printing is often suggested as a means to fund any type of spending (including basic Income). Printing money and debauching the currency inevitably leads to society and economic failure not success. Although, you can get away with just printing money for long periods of time before failure. The solution is a new economic model that has the efficiency and productivity to be able to fund Basic Income that may be of interest. I wrote an article that highlights the opportunity to fund Basic Income using a new model. "Basic Income (Industrial Economy survival) vs. Minimum Life (Network Society contribution) … growth and purpose from contribution" at
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Basic Income Ireland introductory presentation

  1. 1. An idea whose time has come
  2. 2. Every week, every year of your life… you get a payment from the state… that’s enough for a decent life. = A basic income
  3. 3.  Everyone gets it  No means test  No work requirement  Always tax-free  Guaranteed decent standard of living  From cradle to grave
  4. 4. A direct payment every week  All other income is taxed  Replaces core social welfare payments  Replaces most tax credits / allowances  Other benefits unaffected 
  5. 5. A caring society basic needs financial security mutual care
  6. 6. A smart economy incentives skills security care innovation social economy flexibility efficiency
  7. 7. Quality of life freedom control fulfilment
  8. 8. One model - Social Justice Ireland Payments: existing social welfare rates …so people now relying on state benefits would be no worse off Paid for by 45% tax on other income …replacing current tax+USC+PRSI Does not affect other state expenditure
  9. 9. Single person on average Gross weekly income Gross tax at 45% BI payment Net income Net tax rate earnings € 700 - 315 + 188 = 573 18 %
  10. 10. High-income family of four Gross weekly income € 1600 Gross tax at 45% - 720 BI payment + 441 Net income = 1321 Net tax rate 17%
  11. 11. Middle-income family of four Gross weekly income € 800 Gross tax at 45% - 360 BI payment + 441 Net income = 881 Net gain 10 %
  12. 12. Low-income family of four Gross weekly income € 400 Gross tax at 45% - 180 BI payment + 441 Net income = 661 Net gain 65 %
  13. 13. Single low earner with two children Gross weekly income € 400 Gross tax at 45% - 180 BI payment + 253 Net income = 473 Net benefit 18 %
  14. 14. In terms of income:  People with low incomes get more income  People who don’t currently qualify for payments get more income  People with middle incomes get about the same income  Pensioners on state pensions get the same income  Unemployed people on benefits get the same income  People with high incomes get less income
  15. 15. In terms of quality of life:  Everyone would be more secure  Everyone would have more flexibility over paid work and unpaid activities  Everyone could afford to study  Everyone could afford to care for others  No one would face a poverty trap  No one would face the indignity of signing on
  16. 16. Basic income won’t solve everything  The level will depend on public support …and economic circumstances  There are lots of different ways to fill in the details 
  17. 17.        If you are employed … If you are unemployed ... If you are a young person ... If you are self-employed or trying to start a business ... If you care for others... If you do artistic and creative work ... If you are a farmer …
  18. 18.  Do you think that basic income would be good for your life?  What do you think of basic income overall?
  19. 19.  A diverse network of people in Ireland  Affiliated to a global network BIEN  Building support for basic income
  20. 20.   Find out more / join our mailing list Find us on Facebook Basic Income Ireland  Tweet us @basicincomeirl  Thanks for your participation!