European union Quote by Guy Standing
““In an innovative proposal linked to basic income that has attracted interest across the European Union, Philippe van Parijs has suggested that every EU resident (presumably, legal resident) would receive a Euro-Dividend averaging €200 per month, paid for by a 20 per cent value added tax.11 This would amount to about 10 per cent of EU GDP.””
About This Quote
Source Policy paper: Basic Income Europe, 2020
A proposal suggests EU residents receive a €200 monthly dividend funded by a 20% VAT, representing about 10% of EU GDP.
In simple terms: EU basic income funded by VAT.
Key Takeaway
Consider funding mechanisms.
Themes
economics
policy
social welfare
Mood
pragmatic
optimistic
Type
policy
economic
When to use this quote
- government budgeting
- social policy design
- public debate
Key Concepts
universal basic income
taxation
public finance
Questions to Reflect On
- How sustainable is a 20% VAT?
- What are alternative funding sources?
A Different Perspective
Implementation could strain economies; political resistance possible.
