At 21:17 15/08/2012, Arthur wrote:
5. That money will be found (from a bit tax, a tobin tax, some other
form of turnover indirect tax) to provide a basic income, or to provide
spending for some other type of workfare activivities in the third sector.
A consensus of the evidence from all existing advanced Western
nation-states (particularly from high-welfare Nordic countries) is
that total government taxation of around 40/45% of GDP is as much as
governments can manage without stumbling into deep debt. Some
countries are beyond any possibility of redeeming that debt already
(e.g. Japan, Greece, Hungary, Ukraine) and others are now reaching
the very edge of possible redemption by means of austerity for many
years (e.g. Spain, Portugal, UK, Italy, US). All others are at
various stages in between with only a few governments (e.g. Finland,
Germany) with a chance of reducing their debts. Even the latter might
not be able to afford basic incomes or workfare schemes.
Keith
Keith Hudson, Saltford, England http://allisstatus.wordpress.com
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