Hi
Ok Mumsnet, what do you think of this?
Pay every adult in the uk £15,000 a year, with no conditions attached, so that every adult is free to use their time to do stuff, just for the love of it.
This basic income would cover basic needs for food and shelter, if people wanted to earn more money they could go and work for someone else or start a business of their own
This would abolish poverty in one fell swoop.
Wheres the money coming from to pay for it?
well apart from scrapping all "state benefits", we could also scrap income tax and fund it all by taxing money every time its spent.
ie Government gives me £5. I pass that £5 round a group of 10 friends. By the time the £5 comes back to me, it has been "spent" 10 times. Creating a turnover of £50. If the government taxes that spending at 20%, it raises £10 in tax. Making a profit of £5.
Thoughts?
If you recieved £15,000 a year unconditionally, what would you do just for the love of it?
Please or to access all these features
Please
or
to access all these features
MNHQ have commented on this thread
Politics
Scrap Benefits and pay every adult, working, non working or retired, an unconditional basic income of £15,000 a year? Discuss
331 replies
CorruptBstard · 04/07/2012 15:35
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.