Universal Basic Income
(Official Policy Plank:)
TNC supports a Universal Basic Income. Currently, the United States spends more than 1 trillion US Dollars on welfare-related expenses. That sum would be reduced significantly if it was used to replace the current welfare system with a basic universal income. This would lower costs, reduce federal government bureaucracy, provide more support for more people, and be less invasive and paternalistic. It can be done without work disincentives.
The TNC supports a policy structure for a basic income that could be as simple as a flat tax for everyone, of which an equivalent share of the United States budget would be divided by the amount of population, with the resulting amount sent to everyone who files a tax return in a given year. The basic income could be apportioned monthly in a process where the filing and administration are mostly managed by individual employers to keep overall bureaucratic or administrative costs to a minimum.
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