The argument of this policy brief develops from the facts that: (1) The case is now established internationally that forms of international taxation may be needed to help fund social development in low income countries; (2) The case is also established that migration pressures are making national states increasingly reluctant to meet the social needs of migrants; (3) The case is accepted at the UN level that a global social protection floor should be provided everywhere to meet the basis needs of all residents; (4) Precedents exist to use sovereign wealth funds financed out of mineral resources to meet social needs; (5) Building on this consensus the policy brief puts the case for a regional taxation (on the extraction industry) to fund a regional basic income grant as a form of a social protection floor that meets the needs of citizens and migrants.
Publisher: UNESCO-UNU Chair
More info: http://www.ucrm.org/fileadmin/chair/Policy_Brief_No._1.pdf