A better economy means using a better system. With more than $5,000 trillion moving through our economy annually, the U.S. government could apply a small tax on each transaction to create a Universal Basic Income for citizens, pay off the national debt, and put an end to our current income tax.
See the Econ News Wire to follow stories and trends
Voices In Our Economy
With the U.S. Senate in Republican control and the House under Democratic leadership, experts are saying that a divided U.S. Congress may have a moderating effect on the economy, ensuring that politicians hew to a middle ground in adopting policy changes. Reforms are...read more
In a Nov. 11 column in the New York Times, law professor Tim Wu examines the connection between economies dominated by monopolies and cartels and the rise of fascism. As a historical example, Mr. Wu, who specializes in anti-trust law, looks at pre-World War II Germany...read more
The financial transaction tax may well be the wall flower of taxes, with so much promise in the area of tax reform yet ignored or passed over for decades by many policymakers, business leaders and economists. But all that may be about to change, as an FTT increasingly...read more
What We Do
Our mission is to guide solutions for the modern economy. The foundation seeks to educate, inform and engage Americans about the economy and alternatives to the income tax. The foundation promotes citizen forums, policy initiatives and national conversations on the economy to educate people about the need to modernize our taxation system.
How We Do ItWe give people the information they need about financial challenges and the economy to make effective choices and informed decisions. Through the Econ News Wire, national forums with expert panelists and books and articles, the foundation seeks to guide people to a better understanding of the economy. Specific topics of interest include taxation, banking reform, universal basic income, free college and free basic health care.
What a Payments Tax Would Do For You
Here’s a plan that supports consumers, American workers, senior citizens and the poor. Both Republicans and Democrats finally have a plan that works for all people.
Use our Calculator Wizard tool to see how your budget would be impacted under the plan.