Is Basic income a good idea.

Sponsored Links
Jeremy Corbyns side kick John McDonnell is punting the idea that Labour could introduce a universal basic income for all if Labour win the next election.
I can see McDonnell's logic, if bribing some of the electorate to win some votes works why not bribe all the electorate and win all the votes.
It could be around £100 a week for everyone, which isn't bad, it could help slow down the rate at which pubs are closing down in England.
I might even vote for it myself if eligible.
How will it slow pub closures?
 
Sponsored Links
I don't need to. I'm not the one who posted a made-up, fictitious statement pretending it was based on fact.



You are.

Ha ha ha.

Poor old JohnD, he tried to be clever, but got found out. Bless :ROFLMAO:

Still anytime you want to tell me where its actually been tried and how much it costs, Id be most interested :mrgreen:
 
ha ha

poor old notch made up a fictitious statement, then claimed it had never been tried, then fumbled around trying to think what the difference was between tried and trialled, and is now drowning in his own bumbling.

Its very expensive.
 
poor old notch made up a fictitious statement, then claimed it had never been tried, then fumbled around trying to think what the difference was between tried and trialled, and is now drowning in his own bumbling

I didnt claim it had never been tried, I stated it hasnt been tried, because it hasnt. No doubt youve been fumbling around trying to find somewhere that it has. I dknt suppose youd like to mention United Arab Emirates........

To any sensible person universal income would be far down the list. Lets sort out pensions and care for the elderly etc etc.

As I said, its very expensive:

In a paper written for the Joseph Rowntree Foundation in 2015, Professor Donald Hirsch, director of the Centre for Research in Social Policy at Loughborough University, argued that implementation of the basic income in the UK would probably only be possible if there were “three seismic shifts in attitudes and policy”: an acceptance of the right to a guaranteed level of financial support from the state with no work-based conditions attached; an acceptance of substantially higher tax rates (“potentially 40% on all income, or at least 50% if means-tested housing support were to be abolished”); and perhaps also a reduced role for the state in ensuring support for the most vulnerable citizens.

For Hirsch, the two insurmountable problems are the lack of conditionality and the big increases in tax that would probably be needed to pay for the system. “It’s about peoples’ willingness to hand over a certain amount of money to people less well-off than themselves – or more well off than themselves,” he says. “If it’s politically impossible to put income tax up by 1p, then how will you be able to raise it by 8p, or 15p?

https://economia.icaew.com/features/february-2017/could-a-universal-basic-income-work-in-the-uk
 
How will it slow pub closures?


The indigenous people of Australia get an allowance. They also tend to be the poorest inhabitants on the continent. Money comes in, money goes out. I've been told they will spend every cent as soon as they get it .. A lot of that will go on Grogg.
 
Last edited by a moderator:
The indigenous people of Australia get an allowance. They also tend to be the poorest inhabitants on the continent. Money comes in, money goes out. I've been told they will spend ever cent as soon as they get it .. A lot of that will go on Grogg.

I dont know much about it, I seem to remember the Aussies nicked the Abos land, give em some land on the edge of town and some benefits they spend on whiskey.
 
I dont know much about it, I seem to remember the Aussies nicked the Abos land, give em some land on the edge of town and some benefits they spend on whiskey.


That's pretty much it
 
Last edited by a moderator:
I didnt claim it had never been tried, I stated it hasnt been tried,

poor old fellow is now having trouble grappling with words in the English language.

Has been tried, hasn't been tried....

Remember he started out by claiming that he knew what the cost was?

Its very expensive.

For something that he later said had never happened.

(as he didn't know about the Finnish experiment).
 
Sponsored Links
Back
Top