Candice, Sharon and I (Anemone) met at Hub Mall this evening for about 2.5 hours, talking about the different types of basic income (BI) and their pros and cons (and about a whole lot of other things, too). Here is a basic summary of our discussion of different types of basic income, with some of my own thoughts. Feel free to add your thoughts in the comments.
UNIVERSAL DEMOGRANT VS NEGATIVE INCOME TAX
There are two main types of basic income: a universal demogrant (UD) and a negative income tax (NIT).
A Universal Demogrant (UD) is tax-free money that everyone gets, regardless of what they earn. Higher earners pay higher taxes on their other earnings, and will end up paying more in income tax than they receive as a UD, but they still get the UD up front.
A Negative Income Tax (NIT) is money that some people get, based on their previous year’s tax return. Everyone who earns below a certain amount would have their income topped up by the difference between what they earned and the threshold in the following year.
Negative income taxes can come in various forms, depending on what happens above the threshold. Continue reading
Our next meet-up is on Tuesday April 18th (two weeks from today). We’re going to meet at the University of Alberta, in Hub Mall in the LRT Lounge (the area with tables near the south end of the mall on the west side, just up and across from The Tea and Coffee Company), at 6:30 pm. We’ve decided to talk about the different models of Basic Income, so feel free to do some advance reading (or not).
Candice and I will be meeting March 21, at HUB mall at the University of Alberta, in one of the lounges, sometime in the late afternoon or evening (after 4:30 pm). If you want to join us (please do!) and a particular time works best for you, you can reply to this post or email me at email@example.com. Also, if you have a favourite lounge, let me know. We’ll probably meet at the one across from the coffee shop that’s open in the evening, at least to start with. I don’t remember what it’s called but will update when I do. We’ll probably also meet at 6pm because that’s what we did before, but we can change it to suit whoever’s coming.
I think we need to go back a bit, and just talk about what we want to do and where we’re at.
Also if anyone wants to meet me at another time to talk about basic income or the group, I’d be happy to meet with you.
Date: Tuesday, November 15, 2016
Time: 6 – 8 pm
Address: 6th floor, 12323 Stony Plain Road (Westcor Building)
The Public Interest Alberta office is located in the Westcor Building with Back Home Fish and Chips on the main level. There is free underground parking available, and it can be accessed from the south face of the building, one block south of Stony Plain Road. The bay door automatically opens when a vehicle pulls up to it.
The elevator to get to the 6th floor will only work after normal business hours with a key fob, so Joel will wait on the main floor to ensure everyone can get up to the office.
RSVP at firstname.lastname@example.org
Our next meeting is October 20th, 2016 from 6–8 pm at the downtown branch of the Edmonton Public Library (Stanley A. Milner Library), 7 Sir Winston Churchill Square, Sixth Floor, Room 7.
To access Room 7, please ask Security Staff in the library lobby to escort you to the sixth floor using the passenger elevators located on the main floor of the library. The passenger elevators are locked after 5 pm, so you just need to ask Security to let you up to the sixth floor. Renee will be there early to unlock the room and get everything set up.
RSVP at email@example.com