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Taiwan Makes History with Universal Cash Payment Plan | BIEN — Basic Income Earth Network

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Taiwan is making history by sending out a one-time universal cash payment of 6 000 USD New Taiwan dollars (NTD) to every citizen “young and old.” This is the first time the country has implemented such a policy, and it comes as a result of excess tax revenue of 450 USD billion NTD, much of which is coming from corporate taxes that have seen record-high profits. 140 USD billion NTD will be dedicated to the cash payments, with the remainder going towards improving labor and health insurance systems and providing funding for local governments. UBI Taiwan hailed the move as a victory for Taiwanese citizens, as the payment is unconditional and universal, meaning that everyone in the country will receive it, regardless of income or other circumstances. They said it reflects the growing demand that a greater proportion of Taiwan’s growth is shared with average families. “This is a huge victory for the basic income movement,” UBI Taiwan founder Tyler Prochazka said. UBI Taiwan promotes uncondi

Taiwan Makes History with Universal Cash Payment Plan by Tyler Prochazka | Jan 17, 2023 | Featured Taiwan is making history by sending out a one-time universal cash payment of $6,000 New Taiwan dollars (NTD) to every citizen “young and old.” This is the first time the country has implemented such a policy, and it comes as a result of excess tax revenue of $450 billion NTD, much of which is coming from corporate taxes that have seen record-high profits. $140 billion NTD will be dedicated to the cash payments, with the remainder going towards improving labor and health insurance systems and prov

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