Proposed System
In response to the private sale of royal (or common) lands, Paine proposed a detailed plan to tax property owners to pay for the needs of the poor, which could be considered as the precursor of the modern idea of citizen's income or basic income. The money would be raised by taxing all direct inheritances at 10%, and "indirect" inheritances - those not going to close relations - at a somewhat higher rate; this would, he estimated, raise around £5,700,000 per year in England.
Around two-thirds of the fund would be spent on pension payments of £10 per year to every person over the age of fifty, which Paine had taken as his average adult life expectancy, with most of the remainder allocated to making fixed payments of £15 to every man and woman on reaching the age of twenty-one, legal majority. The small remainder would then be able to be used for paying pensions to "the lame and blind". For context, the average weekly wage of an agricultural labourer was around 9 shillings, which would mean an annual income of about £23 for an able-bodied man working throughout the year.
Read more about this topic: Agrarian Justice
Famous quotes containing the words proposed and/or system:
“On the 31st of August, 1846, I left Concord in Massachusetts for Bangor and the backwoods of Maine,... I proposed to make excursions to Mount Ktaadn, the second highest mountain in New England, about thirty miles distant, and to some of the lakes of the Penobscot, either alone or with such company as I might pick up there.”
—Henry David Thoreau (1817–1862)
“Columbus stood in his age as the pioneer of progress and enlightenment. The system of universal education is in our age the most prominent and salutary feature of the spirit of enlightenment, and it is peculiarly appropriate that the schools be made by the people the center of the day’s demonstration. Let the national flag float over every schoolhouse in the country and the exercises be such as shall impress upon our youth the patriotic duties of American citizenship.”
—Benjamin Harrison (1833–1901)