Tuesday, July 13, 2010

A Shared Base Income Is Also A Resident Income

The shared base income could be tied to passport entry and exit, so that while out of the country payments would be halted (perhaps after a set period of time) until returning. This would disallow non-residents from claiming the income overseas. An essential component of the income is that it is spent locally, this means the money continues to fund economic growth here (in New Zealand or the UK or whatever country we implement this) and is not a drain on the economy.

One would need permanent residence status in the country to receive the income, but I see no reason why one would have to be a citizen.


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