LOS ANGELES, CA - DECEMBER 26, 2011 - The Socialist Party USA supports the provisions of a livable guaranteed income; the Peace and Freedom Party of California supports the establishment of a Universal Basic Income (UBI) to alleviate poverty and homelessness; now Stewart Alexander, the SPUSA nominee for President of the United States, is calling for a Basic Income Guaranteed (BIG) for everyone 20 years of age and over.
Stewart Alexander has supported the concept of a basic income guaranteed for more than two decades and his program is very similar to the international Basic Income Guaranteed (BIG) concept. Under Alexander's BIG plan, an individual would qualify for the guaranteed income at the age of 20 and would receive a basic minimum income indefinitely adjusted to inflation.
Alexander says, "This is a basic income guarantee that would be received by all, the rich and poor. It is a basic income that is unconditionally granted on an individual basis. There are two very important elements included in the BIG Plan: First, it would be paid to individuals rather than households, and second, it is paid to everyone irrespective of any income from other sources."
The concept of a guaranteed income has been around for more than 200 years. In the spring of 1968, presidential candidate Richard Nixon led the effort calling for the U.S. Congress to adopt a system of income guarantees. It was publicly presented by President Nixon in August 1969, adopted in April 1970 by a large majority in the U.S. House of Representatives and was later rejected in the U.S. Senate.
Alexander notes that his BIG Plan is not intended to solve the unemployment crisis that currently exists nationwide. However, he says that his plan will help to meet the basic needs of the unemployed, the poor, the elderly, college students, the homeless and the basic needs of veterans, single parents and the disabled.
Alexander says the BIG Plan is a fundamental component of his broader "Real Deal" plan. "Millions are now living in poverty nationwide; the basic income guarantee will be designed to insure that the basic human needs of all are met."