Why and How Universal Basic Services

Two new reports from the Institute for Global Prosperity, UCL, were published at the end of last year that are directly relevant to Universal Basic Services.

The Universal Basic Prosperity paper describes a simplified economic history of development in advanced countries over the last 100 years. It proposes that those societies will have to switch to Universal Basic Services as their primary social security system in order to maintain their technically advanced economies. Otherwise they will decline from reduced motivation.

Effective satisfaction of safety needs, at a cost that does not erode motivation, would revive participation, foster reciprocity, boost productivity, license environmental sustainability, and enable financial stability.

The second report, National Contributions, models tax reform for the UK that would raise 1.5% GDP for Universal Basic Services, and an additional 0.5% GDP to fund transition to Net Zero by 2050. This reports includes detailed distributional modelling that shows that simplifying the tax system, to tax active and passive incomes equally, creates the opportunity to fund Universal Basic Services without increasing tax revenues from wages.

So the Universal Basic Prosperity paper sets out the rationale for WHY societies will need to implement Universal Basic Services, and the National Contributions report shows HOW that could be achieved, practically and fairly in an advanced society.

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