author

Robert Paul Hartley

Columbia University

Income guarantees effectively convert personal tax deductions into a universal credit. A small basic income of $250 per month for adults and children that begins phasing out at $150,000 of household income - financed via eliminating certain tax deductions that disproportionately benefit the wealthy, plus a $42 per metric ton carbon tax - would reduce poverty by 40%, and reduce child poverty from 12.6% to 4.8%.
Income Guarantee Benefits and Financing
Basic Income
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