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Basic Income In The United States
Universal basic income and negative income tax, which is a related system, has been debated in the United States since the 1960s, and to a smaller extent also before that. During the 1960s and 1970s a number of experiments with negative income tax were conducted in United States and Canada. In the 1970s another and somewhat related welfare system was introduced instead, the Earned Income Tax Credit. The next big development in the history of basic income in the United States came in 1982, when the Alaska Permanent Fund was established. It has delivered some kind of basic income, financed from the state's oil and gas revenues, ever since. Older history (from Paine and Spence to 1900) Arguably the first to propose a system with great similarities to a national basic income in the United States was Thomas Paine, in Agrarian Justice, 1796/1797. His idea was that a few "basic incomes" to young people, in their 20s, financed by tax on heritage, was highly needed and also a matter of j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Negative Income Tax
In economics, a negative income tax (NIT) is a system which reverses the direction in which tax is paid for incomes below a certain level; in other words, earners above that level pay money to the state while earners below it receive money, as shown by the blue arrows in the diagram. NIT was proposed by Juliet Rhys-Williams while working on the Beveridge Report in the early 1940s and popularized by Milton Friedman in the 1960s as a system in which the state makes payments to the poor when their income falls below a threshold, while taxing them on income above that threshold. Together with Friedman, supporters of NIT also included James Tobin, Joseph A. Pechman, and Peter M. Mieszkowski, and even then-President Richard Nixon, who suggested implementation of modified NIT in his Family Assistance Plan. After the increase in popularity of NIT, an experiment sponsored by the US government was conducted between 1968 and 1982 on effects of NIT on labour supply, income, and substit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eduardo Suplicy
Eduardo Matarazzo Suplicy (born 21 June 1941) is a Brazilian left-wing politician, economist and professor. He is one of the founders and main political figures on the Workers Party of Brazil (PT). In the municipal elections of São Paulo in 2016 was consecrated as the most voted city councilor in the history of Brazil. Suplicy is primarily known for being an early supporter of universal basic income. Suplicy was a candidate for President of Brazil in the 2002 election, losing the Workers' Party (PT) nomination to Luiz Inácio Lula da Silva. Suplicy was previously married to Marta Suplicy, the former Mayor of São Paulo. Biography Son of coffee grower Paulo Cochrane Suplicy and Filomena Matarazzo, he is an heir of the well-known coffee company Suplicy Cafés, besides belonging to the traditional Italian Brazilian Matarazzo family. His mother is a granddaughter of Francesco Matarazzo, known for having created the largest industrial complex in Latin America in the early 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paterson, New Jersey
Paterson ( ) is the largest city in and the county seat of Passaic County, in the U.S. state of New Jersey.New Jersey County Map New Jersey Department of State. Accessed July 10, 2017. As of the 2020 United States census, its population was 159,732, rendering it New Jersey's third-most-populous city. The |
Passaic, New Jersey
Passaic ( or ) is a city in Passaic County, in the U.S. state of New Jersey. As of the 2020 U.S. census, the city had a total population of 70,537, ranking as the 16th largest municipality in New Jersey and an increase of 656 from the 69,781 counted in the 2010 United States census.Table DP-1. Profile of General Demographic Characteristics: 2010 for Passaic city , . Accessed December 14, 2011. The |
Trenton, New Jersey
Trenton is the capital city, capital city (New Jersey), city of the U.S. state of New Jersey and the county seat of Mercer County, New Jersey, Mercer County. It was the capital of the United States from November 1 to December 24, 1784.New Jersey County Map New Jersey Department of State. Accessed July 10, 2017. The city's metropolitan area, including all of Mercer County, is grouped with the New York metropolitan area#Combined statistical area, New York combined statistical area by the United States Census Bureau, U.S. Census Bureau, but it directly borders the Delaware Valley, Philadelphia metropolitan area and was from 1990 until 2000 part of the Delaware Valley, Philadelphia combined statistical area. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MIT Department Of Economics
The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts, Cambridge, Massachusetts. Undergraduate studies in economics were introduced in the 19th century by institute president Francis Amasa Walker, while the department's Ph.D. program was introduced in 1941. The American Economics Association estimates that MIT and these peers produce half of all tenure track professors at U.S. research universities. By 2020, the department has the second highest number of Ph.D. alumni who received the Nobel Memorial Prize in Economic Sciences, Nobel Prize in Economics in the world (12) only behind Harvard University, Harvard Economics (13) and ahead of University of Chicago, UChicago Economics (9). Nine out of 18 John Bates Clark Medal, Clark medalists since 1999 received Ph.D. degrees from the department. History In the 1890s, economists including Francis Amasa Walker and Davis Rich Dewey taught courses in economics to the undergr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Jersey Income Maintenance Experiment
New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, 1995 Songs * "New" (Daya song), 2017 * "New" (Paul McCartney song), 2013 * "New" (No Doubt song), 1999 *"new", by Loona from '' Yves'', 2017 *"The New", by Interpol from ''Turn On the Bright Lights'', 2002 Acronyms * Net economic welfare, a proposed macroeconomic indicator * Net explosive weight, also known as net explosive quantity * Network of enlightened Women, a conservative university women's organization * Next Entertainment World, a South Korean film distribution company Identification codes * Nepal Bhasa language ISO 639 language code * New Century Financial Corporation (NYSE stock abbreviation) * Northeast Wrestling, a professional wrestling promotion in the northeastern United States Transport * New Orleans Lakefront ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1972 Democratic National Convention
The 1972 Democratic National Convention was the presidential nominating convention of the Democratic Party for the 1972 presidential election. It was held at Miami Beach Convention Center in Miami Beach, Florida, also the host city of the Republican National Convention that year, on July 10–13 1972. Lawrence F. O'Brien served as permanent chairman of the convention, while Yvonne Braithwaite Burke served as vice-chair, becoming the first African American and the first woman of color to hold that position. On the last day of the convention, Lawrence F. O'Brien departed and Burke was left to preside for about fourteen hours. The convention nominated Senator George McGovern of South Dakota for president and Senator Thomas Eagleton of Missouri for vice president. Eagleton withdrew from the race just 19 days later after it was disclosed that he had previously undergone mental health treatment, including electroshock therapy, and he was replaced on the ballot by Sargent Shri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George McGovern
George Stanley McGovern (July 19, 1922 – October 21, 2012) was an American historian and South Dakota politician who was a U.S. representative and three-term U.S. senator, and the Democratic Party presidential nominee in the 1972 presidential election. McGovern grew up in Mitchell, South Dakota, where he became a renowned debater. He volunteered for the U.S. Army Air Forces upon the country's entry into World War II. As a B-24 Liberator pilot, he flew 35 missions over German-occupied Europe from a base in Italy. Among the medals he received was a Distinguished Flying Cross for making a hazardous emergency landing of his damaged plane and saving his crew. After the war he earned degrees from Dakota Wesleyan University and Northwestern University, culminating in a PhD, and served as a history professor. He was elected to the U.S. House of Representatives in 1956 and re-elected in 1958. After a failed bid for the U.S. Senate in 1960, he wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Family Assistance Plan
The Family Assistance Plan (FAP) was a welfare program introduced by President Richard Nixon in August 1969, which aimed to implement a negative income tax for households with working parents. The FAP was influenced by President Lyndon B. Johnson's War on Poverty program that aimed to expand welfare across all American citizens, especially for working-class Americans. Nixon intended for the FAP to replace existing welfare programs such as the Aid to Assist Families with Dependent Children (AFDC) program as a way to attract conservative voters that were beginning to become wary of welfare while maintaining middle-class constituencies. The FAP specifically provided aid assistance to working-class Americans, dividing benefits based on age, the number of children, family income, and eligibility. Initially, the Nixon administration thought the FAP legislation would easily pass through the House of Representatives and the more liberal Senate, as both chambers were controlled by the Democ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Nixon
Richard Milhous Nixon (January 9, 1913April 22, 1994) was the 37th president of the United States, serving from 1969 to 1974. A member of the Republican Party, he previously served as a representative and senator from California and was the 36th vice president from 1953 to 1961 under President Dwight D. Eisenhower. His five years in the White House saw reduction of U.S. involvement in the Vietnam War, détente with the Soviet Union and China, the first manned Moon landings, and the establishment of the Environmental Protection Agency and Occupational Safety and Health Administration. Nixon's second term ended early, when he became the only president to resign from office, as a result of the Watergate scandal. Nixon was born into a poor family of Quakers in a small town in Southern California. He graduated from Duke Law School in 1937, practiced law in California, then moved with his wife Pat to Washington in 1942 to work for the federal government. After active ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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