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openpolitics / manifesto

A collaborative political manifesto
http://openpolitics.org.uk/manifesto
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Update economy.md #634

Closed pallan51 closed 5 years ago

openpolitics-bot commented 5 years ago

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Floppy commented 5 years ago

@pallan51 I'm not sure from that link what the Three Pillars actually are. Can you elaborate?

pallan51 commented 5 years ago

@pallan51 I'm not sure from that link what the Three Pillars actually are. Can you elaborate?

National Dividend (ND) - a payment to all citizen-residents, paid for by a tax on the commons

National Income Supplement (NIS) - distributing all income taxes back to income earners, which would allow all income brackets to benefit from each others' success, and amplify their earnings (and underwrite labour costs)

Assisted Savings Program (ASP) - mandatory long-term savings/investment, and distributing all capital gains taxes to ASP accounts, ensuring savers benefit from each others' success, and amplify their savings.

Returning tax revenues to citizens through these programs is enabled by a shift to a form of Land Value Tax (called a ULT) for general revenues and could be an alternative model for a minimum wage and bankrupt paygo pension systems.

BEllis commented 5 years ago

Can we add that to the change?

openpolitics-bot commented 5 years ago

Closed automatically: maximum age exceeded. Please feel free to resubmit this as a new proposal, but remember you will need to base any new proposal on the current policy text.