We support a number of new approaches to taxes and income policies. The most-important of these are the American Citizen’s Dividend and a structural minimum wage. Together, these policies ensure that increases in our Nation’s standard of living have their full impact on the working class by structuring these base policies proportionally to the per-capita income.
The American Citizen’s Dividend provides a social insurance against structural change. It takes a small tax from all income and divides it evenly among all adults—a method which, due to productivity gains, grows the individual benefit faster than inflation while the tax rate remains fixed. While the taxes on the wealthy do not increase over time, the Dividend behaves as a continuous tax refund, increasing the purchasing power of lower- and middle-income Americans and, crucially, creating jobs wherever poverty and unemployment are greatest. This transitions Americans from welfare to work and allows them to further take advantage of our Nation’s growing standard of living.
The structural minimum wage, on the other hand, sets the hourly wage to pay one-fourth of the per-adult income for a year’s full work. As the Dividend makes jobs available, the minimum wage ensures the working American’s life reflects the great wealth of America, even if it is the wealth of the most-menial laborer. All other wages build from here, and the more middle-class worker thus receives a greater assurance of benefiting from our ever-growing productivity.