the case for a financial wealth tax to fund a universal basic income..

(excerpt..)

It’s not hard to envision the benefits in work opportunities – stress reduction – child care -entrepreneurial activity and artistic pursuits for American households given an extra $1,000 per month.

It’s also very easy to justify a financial wealth tax – given that the dramatic stock market surge in recent years is largely due to an unprecedented degree of technological and financial productivity that derives from the work efforts and taxes of all Americans.

A 2% annual tax on financial wealth is a small price to pay for the great fortunes bestowed on the most fortunate Americans.

The reasons?

Careful analysis reveals a number of excellent arguments for the implementation of a universal basic income (UBI).

(cont..)

Source: A 2% Financial Wealth Tax Would Provide a $12,000 Annual Stipend to Every American Household | Alternet