Public Economics in Action: The Basic Income/Flat Tax Proposal: The Basic Income/Flat Tax Proposal

Public Economics in Action: The Basic Income/Flat Tax Proposal: The Basic Income/Flat Tax Proposal

by A. B. Atkinson
     
 

In this elegant series of lectures, Professor Atkinson discusses radical approaches to taxation and presents a framework for a system which combines a basic guaranteed income and flat income tax rate. The author draws together both optimum tax theory and public choice theory as well as existing econometric studies of incentives and the model of taxes and benefits… See more details below

Overview

In this elegant series of lectures, Professor Atkinson discusses radical approaches to taxation and presents a framework for a system which combines a basic guaranteed income and flat income tax rate. The author draws together both optimum tax theory and public choice theory as well as existing econometric studies of incentives and the model of taxes and benefits which has been developed at the London School of Economics.

This book surveys recent developments in public economics by taking as a case-study proposals for a basic income scheme. It discusses radical approaches to taxation and presents a framework for a system which combines a basic guaranteed income and flat income tax rate - an idea which has generated wide interest in a number of countries, and which is being actively discussed by a number of political groups. The scheme consists of a payment of a basic income to everyone, regardless of status
(employment, marital etc.), which would replace all social security benefits. The new tax would replace existing income tax and social security contributions. The author explains how these changes would benefit a wide variety of social groups.

The author reviews some of the different areas in which there has been active research in the field in recent years - namely the theory of optimum taxation, general equilibrium analysis of incidence, the theory of public choice, numerical tax-benefit modelling and econometric studies of incentives - and asks how these contribute to our understanding of this particular policy reform. He also indicates the promising directions for future research. -

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Product Details

ISBN-13:
9780191521317
Publisher:
Oxford University Press
Publication date:
03/23/1995
Series:
The Lindahl Lectures
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
1 MB

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