{"id":92815,"date":"2024-10-24T11:47:45","date_gmt":"2024-10-24T11:47:45","guid":{"rendered":"http:\/\/peiwgli.com\/?page_id=92815"},"modified":"2024-11-25T12:53:32","modified_gmt":"2024-11-25T12:53:32","slug":"how-would-basic-income-work","status":"publish","type":"page","link":"https:\/\/peiwgli.com\/?page_id=92815","title":{"rendered":"How would basic income work?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"http:\/\/peiwgli.com\/wp-content\/uploads\/2014\/06\/peiwgli-feature-image-forum-1024x538.jpg\" alt=\"\" class=\"wp-image-92778\" srcset=\"https:\/\/peiwgli.com\/wp-content\/uploads\/2014\/06\/peiwgli-feature-image-forum-1024x538.jpg 1024w, https:\/\/peiwgli.com\/wp-content\/uploads\/2014\/06\/peiwgli-feature-image-forum-300x158.jpg 300w, https:\/\/peiwgli.com\/wp-content\/uploads\/2014\/06\/peiwgli-feature-image-forum-768x403.jpg 768w, https:\/\/peiwgli.com\/wp-content\/uploads\/2014\/06\/peiwgli-feature-image-forum.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">A BIG Pilot for PEI<\/h2>\n\n\n\n<p>We advocate for a Basic Income Guarantee that delivers benefits through the tax system. People living on low income will receive a top-up to a livable level so no citizen lives in poverty. BIG invests in people so their basic needs are met.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The system is simple.<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>All adults below the poverty line (livable income threshold) receive a benefit, probably monthly, to bring them up to livable income.<\/li>\n\n\n\n<li>BIG is based on three elements:\n<ul class=\"wp-block-list\">\n<li>A maximum level for the benefit is set at the livable income threshold<\/li>\n\n\n\n<li>A reduction rate so that if the person receiving BIG gets other personal income, the maximum level benefit will be affected by a reduction rate (for example the benefit will be reduced (taxed) by 50% personal income attained).<\/li>\n\n\n\n<li>A break even level is the point at which the amount that is taxed back is equal to the maximum benefit.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>A 5-or-so-year pilot for PEI to test the positives and negatives outcomes of the system.<\/li>\n<\/ol>\n\n\n\n<p>One possible model: A&nbsp;pilot program to show that a Basic Income Guarantee is the right way for PEI to invest in people and eradicate poverty<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A five-year pilot<\/li>\n\n\n\n<li>1,000 participants in the program<\/li>\n\n\n\n<li>A control group, to demonstrate benefits<\/li>\n\n\n\n<li>A model that will scale up for the whole province<\/li>\n<\/ul>\n\n\n\n<p><strong>We are consulting with community members for their wisdom. What are your ideas?<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A BIG Pilot for PEI We advocate for a Basic Income Guarantee that delivers benefits through the tax system. People living on low income will receive a top-up to a livable level so no citizen lives in poverty. BIG invests in people so their basic needs are met. The system is simple. One possible model:&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-92815","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/peiwgli.com\/index.php?rest_route=\/wp\/v2\/pages\/92815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peiwgli.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/peiwgli.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/peiwgli.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/peiwgli.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92815"}],"version-history":[{"count":5,"href":"https:\/\/peiwgli.com\/index.php?rest_route=\/wp\/v2\/pages\/92815\/revisions"}],"predecessor-version":[{"id":93150,"href":"https:\/\/peiwgli.com\/index.php?rest_route=\/wp\/v2\/pages\/92815\/revisions\/93150"}],"wp:attachment":[{"href":"https:\/\/peiwgli.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}