"I'm no fan of basic income however basic income comes from tax."
Basic income does not need to come from tax. The debt that comes with creating money need not exist, and with debt-free credit you vastly reduce the need for the credit to provide a taxable return.
Initiatives such as the Positive Money campaign show that we have got options when it comes to changing how money is created, it's something I believe could work, I'd be interested to hear your thoughts.
Sure, but in this case I was responding to the parent comment who was totally unaware of how money/credit works.
I get that this could also be supplied via the state by issuing "new" money. It's good you posted a link to this link. Thanks I'm already aware of their work.
Basic income does not need to come from tax. The debt that comes with creating money need not exist, and with debt-free credit you vastly reduce the need for the credit to provide a taxable return.
Initiatives such as the Positive Money campaign show that we have got options when it comes to changing how money is created, it's something I believe could work, I'd be interested to hear your thoughts.
http://positivemoney.org/