Abstract

This is a short note on the methodology and results of one very simple basic income proposal. This represents only one of many possible forms for a basic income for Australia. There are also many other ways of funding such a basic income such as wealth taxes or the GST. A basic income as presented here represents a significant reform which completely alters the current system of payments in Australia for welfare. This paper does not attempt to explain the different approaches nor does it suggest that this proposal is an appropriate welfare system for Australia. This paper simply sets out the method and results from one potential approach to develop a universal basic income for Australia. 

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