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11 - Day 2 - Christian Engström - A Basic Income Model for Sweden

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Published on Sep 29, 2016

From Basic Income Conference - Day 2 - Christiansborg - 23 sept 2016.
This talk introduces a concrete proposal for a basic income system for Sweden, including a cost estimate and financing. The basic income would be 8.333 SEK (900 EUR) per month for anybody between 19 and 65 who lives in Sweden and has no other income. For those entering the workforce the basic income would be reduced, but never with 100%, so there is always an incentive to work if you can. The cost of this system would be covered in full by letting the basic income replace the current systems for social welfare, student- aid and unemployment benefits, and by removing the VAT discounts that certain industries enjoy. To make the proposal politically realistic there would be no raise in income taxes and no reduction of current health benefits.

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