Add Compass report summary

jb/_build/.doctrees/glue_cache.json

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+{}

jb/_config.yml

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   config:
     html_js_files:
     - https://cdnjs.cloudflare.com/ajax/libs/require.js/2.3.4/require.min.js
+
+execute:
+  execute_notebooks: 'off'

jb/_toc.yml

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 # And put the UBI Center homepage at the bottom.
 - url: https://ubicenter.org
   title: UBI Center home
+# Add working UK flat tax UBI notebook
+- file: flat-tax

other_simulations.md

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+# Compass Report
+
+Title: Basic Income for All: From Desirability to Feasibility ([link](https://www.compassonline.org.uk/publications/basic-income-for-all-from-desirability-to-feasibility/))
+
+Authors: Stewart Lansley and Howard Reed
+
+## Modelling
+
+Two schemes for implementing UBI were modelled, a fast track and slow track route. Modelling was carried out using the Landman Economics Tax-Tranfer Model, using data from the Family Resources Survey to model direct taxes and benefits and the Living Costs and Food survey to model indirect taxes and benefits. 
+
+## Schemes
+
+Model 1 is a fast track route for establishing UBI to residents at a basic rate (weekly rates of £40 to children, £60 to adults, £175 to pensioners, total annual cost £28bn). Model 2 is a long-term scheme aimed at improving funding and basic income rates by building a targeted citizens' wealth fund (funded by borrowing, revenue-generating public assets and wealth taxation to the amount of £650bn, able to fund higher weekly rates, with gains mostly going to working-age adults, which increase by £20 per week). The fund is expected to be able to be usable by year 20.
+
+## Benefit changes
+
+For means tested benefits, basic income above £25 is counted and therefore reduces payment levels. Child benefit and the state pension are abolished and replaced with the UBI, though both at the basic level are increased in this scheme.
+
+## Tax changes
+
+The personal tax allowance is abolished and this portion of income is taxed at the basic rate. The next £11,850 is taxed at 15p to reduce the low-income loser count. All other income tax rates are raised by 3p. National Insurance contributions are converted to a flat tax of 12%.
+
+##  Long-term phasing
+
+Model 1 is intended for the short term, Model 2 for the long term. Model 2 pays slightly higher weekly rates, made possible by the dividends from the proposed citizens' wealth fund. It is proposed that Model 1 is implemented in one Parliament, and transitions to the more sustainable Model 2 by year 20.
+
+## Treatment of children
+
+The child benefit is removed (currently £21.05 for the eldest and £13.95 for additional children, per week), but increased with a UBI replacement of £40 per week in Model 1 and further increased to £50 per week in Model 2.
+
+## Results
+
+The results find that:
+
+- Child poverty falls from 28.7% to 18.1%
+- Working-age poverty falls from approx. 20% to 15.7%
+- Pensioner poverty falls from approx. 15% to 11.3%
+- The Gini coefficient falls from 0.377 to 0.337
+- 75% of households gain and 25% lose income (7% lose more than 5% of income)
+- In general, the number of losers among the poorest deciles is very small (0.8%, 3.1% for the 1st and 2nd deciles respectively), and most low deciles make large gains, while deciles 4-8 make small gains and the top decile makes slight losses.