A VERY GOOD DISCUSSION!

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HOW THE IDEA MAY BE SOLD

What if the national government does not need the rent to run our essential services? Surely, when the government spends on defence, education, health and infrastructure, etc., the money is spent? It gets its money by Treasury spending it into existence digitally. Jobs are created in the process, and the government does not need to ‘get all the money back‘ in rent. Why would it?

[No, Milton Friedman, money does not come from workers: they do create wealth, but their money comes from governments spending the national currency into existence.]

Therefore, if we were to abolish all taxes and ‘get the rent’ (the national surplus), it may be distributed, equally, among all citizens, not to the wealthy as now, nor indiscriminately to other rent seekers.

This wouldn’t be a universal basic income; it would be a particularly good universal income with no taxes (maybe also with a tax on polluters).

Who’s not in favour of no taxes and a very good universal income?