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?