Financing a basic income system, seems always as a big obstacle, as no one wants more taxes though some models estimate that this is possible through changing the income taxes just slightly (this varies offcourse from nation to nation).
Nobel prize winner James Tobin, economics 1981, had an idea about taxing foreign financial exchange transactions, known as the Tobin tax. Discussed lately in political spheres, it is suggested set at 0,05%. As minimal this seems, it actually would generate a lot of money. Beside the exclusion and savings thereby of unemployment money, pensions etc and the enourmous moneytaking of organizing these, this Tobin-tax would probably pay yhe rest and still leave money for other projects.
The Tobin-tax is discussed widely lately, also at the G-20 meeting in Pittsburgh last September. It is extremly important that we don´t allow the IMF to swollow all the money generated by an eventually Tobin-taxation!
On the issue Tobin tax and how to use it, WE can be the critical mass! Or the creater of this critical mass group. If this is an issue for debate on enough websites as well as the in ordinary papers, the polticians will eventually notice it and dare to consider the idea.
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