The idea of a "just-income" system revolves around the notion that every individual should receive a fair share of income, based on their contribution to society and the resources they require to maintain a decent standard of living. This approach aims to eliminate income inequality and ensure that everyone has access to basic needs like housing, healthcare, and education.

"A just-income system seeks to align financial compensation with social fairness, promoting equality and sustainability."

Key principles of just-income include:

  • Equitable distribution of wealth
  • Ensuring basic needs are met for everyone
  • Promoting economic sustainability without exploitation

The concept is often debated within economic and political circles due to its implications for taxation, wealth redistribution, and government policy. However, advocates argue that a just-income could significantly reduce poverty and address systemic inequality.

Below is a comparison of traditional income models versus the just-income approach:

Income Model Key Features
Traditional Income based on market demand, often leading to inequality
Just-Income Income distributed equitably to ensure everyone’s basic needs are met