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Support research into basic income #82

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merged 2 commits into from Jan 29, 2014
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Support research into basic income #82

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Support research into basic income
Floppy Jan 24, 2014
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Merge branch 'refs/heads/gh-pages' into basic_income
Floppy Jan 29, 2014
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6 changes: 5 additions & 1 deletion economy.md
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Expand Up @@ -15,6 +15,10 @@ The personal income tax allowance will be set at the level of a full time living
### VAT
Investigate possible reforms to the way VAT is applied to goods and services with a view to making it less regressive and, ultimately, to remove the poorest from having to pay entirely - even if this requires renegotiating our obligations to the EU.

## Social Security

We will support research into a [universal basic income](https://en.wikipedia.org/wiki/Basic_income) and its effects on society and the economy, with the aim of eradicating poverty and providing a basic standard of living for all.

## Housing

Stamp Duty Land Tax (paid on house purchases) should be reformed, with tax band thresholds linked to the regional average house price. Purchases up to the regional average house price should be zero-rated. In addition, the 'slab' approach of current taxation will be changed to an incremental approach, where only the amount above a threshold is taxed at that rate.
Expand All @@ -31,4 +35,4 @@ We will extend the requirement on basic, affordable telephony to broadband to he

Enshrine net neutrality in law, protecting the fundamental principle of the free and open web.

Any data or research that is government funded will be required to be released under the Open Government License, ensuring that public funding equals public ownership. There will be an exception for government loans and innovation investment.
Any data or research that is government funded will be required to be released under the Open Government License, ensuring that public funding equals public ownership. There will be an exception for government loans and innovation investment.