It is a spectrum, obviously. And because of that it's extremely difficult to create a fair binary decision model around it. For sure. But it's also true that there are plenty of people who could work, but don't.
I mean I know several personally, and I'm a hermit who hardly knows anyone.
I mean I know several personally, and I'm a hermit who hardly knows anyone.
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The figure it quoted was £45 Billion. That's the same we spend on defence. We could wipe out poverty for £45 Billion. That sounds like a bargain to me and it makes absolutely no sense why the Government refuses to take these steps. It's literally their job.
Perhaps eliminating extreme poverty would cost £45 billion a year. But not implementing UBI.
Unfortunately while I like the idea of UBI, it would be immensely expensive.
Gross cost is indeed huge. But when you adjust for the people who earn enough that they'd lose the BI money in tax, and adjust for the benefits that would be made unnecessary, then the overall cost would be an extra £45 Billion to the treasury.
I mean sure it’s affordable if it’s a tiny fraction of a living wage and has insanely high tax rate that no working person would ever support.