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Posted Monday, March 4, 2024
1mo
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What are your thoughts on universal basic income? Also if positive or negative what would this policy do to our society?
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Rob
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Ok they are running or have been running a pilot test of ubi in the uk. Firstly as it stands it seems half baked. I'm saying this because the ubi is not means tested therefore the people who do not need will also receive, I.e people on mid to high 5 figure incomes and above. It is unclear on where the money to finance this is going to come from. It is true they will scrap the current benefits system in the uk and use that funding but again a portion of that will be diverted to people who dont need it and would otherwise not receive a portion of that money in the current system. In concept it's fine. Execution will, I fear, be as pitiful as normal for the uk gov. Taking money from the benefit system to give to the people who do not need. 🤷♂️ (edited)
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