George Monbiot talks sense: Shock

Spotted by MBK in The Guardian:

So where do we look for the idea that can make hope more powerful than fear? Not to the Labour party. If Ed Miliband cannot bring himself even to oppose a bill which retrospectively denies compensation to cheated jobseekers, the most we can expect from him is a low-alcohol conservatism of the kind that doused all aspiration under Tony Blair.

Last week I ran a small online poll, asking people to nominate inspiring, transfiguring ideas. The two mentioned most often were land value taxation and a basic income. As it happens, both are championed by the Green party.(1) On this and other measures, its policies are by a long way more progressive than Labour's.

I discussed land value taxation in a recent column. A basic income (also known as a citizen's income) gives everyone, rich and poor, without means-testing or conditions, a guaranteed sum every week. It replaces some but not all benefits (there would, for instance, be extra payments for pensioners and people with disabilities). It banishes the fear and insecurity now stalking the poorer half of the population. Economic survival becomes a right, not a privilege.

A basic income removes the stigma of benefits while also breaking open what politicians call the welfare trap. Because taking work would not reduce your entitlement to social security, there would be no disincentive to find a job – all the money you earn is extra income. The poor are not forced by desperation into the arms of unscrupulous employers: people will work if conditions are good and pay fair, but will refuse to be treated like mules. It redresses the wild imbalance in bargaining power that the current system exacerbates. It could do more than any other measure to dislodge the emotional legacy of serfdom. It would be financed by progressive taxation – in fact it meshes well with land value tax.(2)

1) And YPP of course, although for slightly different reasons.

2) As I said in the comments:

Yup, LVT and CI is an intellectually coherent match.

The gimmick being that people in the middle pay neither tax nor receive benefits as the two sides net off to zero. So it's like feudalism on its head, instead of The One Per Cent collecting all the rent, interest and tax and people in the middle paying for it, the bottom half receive a small net payment from the people willing and able to occupy the best locations.