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Universal 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 partial 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 justice. ... [...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. NIT was proposed by British writer and politician Juliet Rhys-Williams while working on the Beveridge Report in the early 1940s and popularized by American economist Milton Friedman in the 1960s as a system in which the state makes payments to poor people 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, Jim Gray 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 substitution ef ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paterson, New Jersey
Paterson ( ) is the largest City (New Jersey), city in and the county seat of Passaic County, New Jersey, 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, Paterson was List of municipalities in New Jersey, the state's third-most-populous municipality,Table1. New Jersey Counties and Most Populous Cities and Townships: 2020 and 2010 Censuses New Jersey Department of Labor and Workforce Development. Accessed Dec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Passaic, New Jersey
Passaic ( or ) is a City (New Jersey), city in Passaic County, New Jersey, Passaic County, in the U.S. state of New Jersey. As of the 2020 United States census, the city was List of municipalities in New Jersey, the state's 16th-most-populous municipality,Table1. New Jersey Counties and Most Populous Cities and Townships: 2020 and 2010 Censuses New Jersey Department of Labor and Workforce Development. Accessed December 1, 2022. with a population of 70,537, falling behind Bayonne, New Jersey, Bayonne (ranked 16th in 2010), an increase of 756 (+1.1%) from the 2010 United States census, 2010 census count of 69,781, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trenton, New Jersey
Trenton is the List of capitals in the United States, capital city of the U.S. state of New Jersey and the county seat of Mercer County, New Jersey, Mercer County. It was the federal capital, capital of the United States from November 1 until December 24, 1784.New Jersey County Map , New Jersey Department of State. Accessed July 10, 2017. Trenton and Princeton, New Jersey, Princeton are the two principal cities of the Trenton–Princeton metropolitan statistical area, which encompasses those cities and all of Mercer County for statistical purposes and constitutes part of the New York metropolitan area#Combined statistical area, New York combined statistical area by the United States Census Bureau, U.S. Census Bureau. [...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. 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. By 2020, the department has the second highest number of Ph.D. alumni who received the Nobel Prize in Economics in the world (12) only behind Harvard Economics (13) and ahead of UChicago Economics (9). Nine out of 18 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 undergraduate students. It was known as the Department of Economics and Social Sciences (1932). In 1937, the department established a graduate program, while in 1941, it established a Ph.D. program. In the 1950s and the 1960s, the department expanded its graduate program. In thes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Jersey Income Maintenance Experiment
New or NEW may refer to: Music * New, singer of K-pop group The Boyz * ''New'' (album), by Paul McCartney, 2013 ** "New" (Paul McCartney song), 2013 * ''New'' (EP), by Regurgitator, 1995 * "New" (Daya song), 2017 * "New" (No Doubt song), 1999 * "new", a song by Loona from the 2017 single album '' Yves'' * "The New", a song by Interpol from the 2002 album ''Turn On the Bright Lights'' Transportation * Lakefront Airport, New Orleans, U.S., IATA airport code NEW * Newcraighall railway station, Scotland, station code NEW Other uses * ''New'' (film), a 2004 Tamil movie * New (surname), an English family name * NEW (TV station), in Australia * new and delete (C++), in the computer programming language * Net economic welfare, a proposed macroeconomic indicator * Net explosive weight, also known as net explosive quantity * Network of enlightened Women, an American organization * Newar language, ISO 639-2/3 language code new * Next Entertainment World, a South Korean media company ... [...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 Shriv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George McGovern
George Stanley McGovern (July 19, 1922 – October 21, 2012) was an American politician, diplomat, and historian who was a U.S. representative and three-term U.S. senator from South Dakota, and the Democratic Party (United States), Democratic Party presidential nominee in the 1972 U.S. presidential election. McGovern grew up in Mitchell, South Dakota, where he became a renowned debater. He volunteered for the U.S. Army Air Forces, U.S. Army Air Forces upon the country's American entry into World War II, 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 (United States), 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. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Family Assistance Plan
The Family Assistance Plan (FAP) was a welfare program introduced by President of the United States, 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, War on Poverty program that aimed to expand welfare across all American citizens, especially for Working class in the United States, working-class Americans. Nixon intended for the FAP to replace existing welfare programs such as the Aid to Families with Dependent Children, 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 woul ... [...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 until Resignation of Richard Nixon, his resignation in 1974. A member of the Republican Party (United States), Republican Party, he previously served as the 36th Vice President of the United States, vice president under President Dwight D. Eisenhower from 1953 to 1961, and also as a United States House of Representatives, representative and United States Senate, senator from California. Presidency of Richard Nixon, His presidency saw the reduction of U.S. involvement in the Vietnam War, ''détente'' with the Soviet Union and China, the Apollo 11 Moon landing, and the establishment of the United States Environmental Protection Agency, Environmental Protection Agency and Occupational Safety and Health Administration. Nixon's second term ended early when he became the only U.S. president to resign from office, as a result of the Watergate scandal. Nixon was born ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
