"If we fail to deliver real solutions – not just in rhetoric but through policies that improve people’s lives – more demagogues will rise."
My article today on a Universal Basic Income in the @bigissue.com : 👇🏼
https://www.bigissue.com/opinion/universal-basic-income-money-zack-polanski/
My article today on a Universal Basic Income in the @bigissue.com : 👇🏼
https://www.bigissue.com/opinion/universal-basic-income-money-zack-polanski/
Comments
Labour keep on with the unsustainable ‘growth’ model, which is clearly not working nor sustainable. Totally lacking in creative thinking.
The U.K. could really lead on these areas instead of carrying on with the status quo.
https://bsky.app/profile/scottsantens.com/post/3lckzcleo7s24
I agree completely with you that Universal Basic Income is an extremely good idea, however, in the hands of someone like Farage (who has already mooted the idea of compulsory 12hr work with food stamps (like the US) instead of wages, who knows where it may lead.
God knows what they get up to but there's nothing in their bland keynotes or annual reports to suggest they're doing anything effective to combat the far right.
Personally I'd decouple this from any UBI scheme and have it administered from a separate department to the DWP.
The majority of people who care about welfare discussions are those who use it in its current state. We need to be specifically included in the detail.
https://www.peoplespolicyproject.org/project/american-disability-compensation-a-way-to-support-disabled-americans/
SCOPE has this extra cost at £1067 per month in 2024.
My #1 quote of recent times...
"It's as though the Keynesian revolution never happened!!" Lord Skidelski, HoL 2022 Autumn Statement Debate
GP condone massive domestic air travel, 25,000 trips/day, on the route of slow, maxed out trains just to appease wealthy property owners & Audi drivers in Bucks. HS2.
The principle of the concept is that every citizen/resident would be receiving it (18+ pressumably)
Idealistic though it may be, wouldn't it be great to have a Government who truly governed in the interests of 'ordinary' people - you know, the people who they're meant to represent.
Does it redistibute wealth?
Does it stop the wealthy hoarding all the money?
Does it not just push the realtive measure of poverty upwards?
Who gets to decide the amount?
When you see Tax Dodger Branson cheering it on, you have to ask yourself: Why is Dickie so keen?
2 No, the wealthy will still hoard too much.
3 Good question, but it shouldn’t as long as inflation is kept in check (inflation is partly caused by new money creation, not relevant here)
4 The electorate, via their elected representatives.
2. See above.
3. New money does not increase inflation 🙄 Profiteering due to UBI wil. Your point contradicts 1.
4. Which elected representatives are offering UBI? They don't exist.
3. The US gov printed approx $3 trillion new money in 2020. Inflation was a result. Central banks use interest rates to control inflation as loans create new money.
2. Money creation doesn't fund inflation, as has been proved endlessly since 1973. The last jump in inflation was oil & corporate profits, which the data demonstrates
4. Central Banks raising interest rates, fuels inflation
To prove this point, considere an extreme case.
Suppose th government was to issue every citizen 1 T£.
Those who's ner worth is a meer 1B£ would be essentially no better off then someone who was 1B£ in debt.
It clearly is not, but since the tax demand would also increase, as every day payments become much later, the burden the tax burden would force them to sell some of their assets.
It would result in redistribution of real assets and buying power.
Just saying...
Says who?
What's to stop any Government from not doing that?
This is the problem. All parties would need some sort of consensus - as we had post-war - that this is how we do things now.
We don't do consensus.