SNP's £18,700 to £25 K a year benefits plan

[zenfootball2]

This a bold plan and would help reduce child poverty, iv no idea what tax revenue scotland raises but finding and aditional £20 billion a year plus an aditional £38 billion funding is a significant amount of extra taxation.
so what do people think it is worth reading the whole article.

www.scottishdailyexpress.co.uk/news/politics/scots-face-huge-tax-hikes-29723060

"The SNP Government scheme – championed by Finance Secretary Shona Robison – would see a Minimum Income Guarantee introduced "as soon as possible" and paid for by raising in billions of pounds in additional taxes from middle and high earners,Taxpayers in Scotland face footing the bill for an SNP benefits free-for-all which could see every adult in Scotland paid at least £25,000 a year.
Under the plans for a Minimum Income Guarantee (MIG), billions of pounds would be handed to the jobless and lower earners to ensure everyone has a " dignified" quality of life."


"Experts, academics and politicians on the panel suggest the MIG should be set between the relative poverty line of around £18,700 a year and the Minimum Income Standard, set at £25,500 per head by the Joseph Rowntree Foundation."

"A final report will be produced by the steering group in 2024. In 2018, the Institute for Public Policy Research claimed that a state-funded 'citizens' income' in Scotland would cost £20billion a year. The Fraser of Allander Institute estimates the proposal would need £38bn in additional funding."

[kenwood]

I love the fact that this initiative is championed by Finance Secretary Shona Robinson.
She is not well regarded within the SNP, in fact she is seen as being utterly useless .
Can’t see this ending well , in fact it has all the makings of another major cock up.

[stuttgartershrew]

I like the idea of UBI as I think it retains the incentive to work and earn more from your employment. Not sure about this though, although of course we might not have a true understanding of the scheme from the article. But if it is a situation where an unemployed person is to earn the same amount of those working full time and paid the MIG then I can understand peoples concerns.

But something I gather we will hear more about as things move on (if things are to become less labour intense, if we do see more things become automated).

[zenfootball2]

Apr 20, 2023 6:26:55 GMT 1 stuttgartershrew said:

I like the idea of UBI as I think it retains the incentive to work and earn more from your employment. Not sure about this though, although of course we might not have a true understanding of the scheme from the article. But if it is a situation where an unemployed person is to earn the same amount of those working full time and paid the MIG then I can understand peoples concerns.

But something I gather we will hear more about as things move on (if things are to become less labour intense, if we do see more things become automated).

phys.org/news/2021-06-finnish-basic-income-short-term-employment.html#:~:text=Finland%20carried%20out%20the%20first,minor%20employment%20effects%20at%20best.

"Finland carried out the first nationwide randomized experiment on basic income. A study by the VATT Institute for Economic Research and the Labour Institute for Economic Research shows that replacing minimum unemployment benefits with a basic income of equal size has minor employment effects at best. Additionally, participation in reemployment services remained high."

www.london.gov.uk/motions/universal-basic-income

"According to Trust for London close to a third of Londoners live in poverty, even before the coronavirus crisis our city had the highest poverty rates in the UK.

A Universal Basic Income (UBI) could help alleviate poverty, opening the door to opportunities that might otherwise be out of reach, and liberate people from the anxiety of job insecurity through a monthly income regardless of employment status, wealth, or marital status.

The existence of a UBI must be in addition to targeted welfare payments to those who have additional needs - such as for housing, for single parents, or for expenses incurred due to disabilities.

A network of UBI Labs have been set up and works with local authorities across the UK developing UBI proposals to address problems such as poverty, inequality, discrimination and environmental damage, long-term and immediately, in relation to coronavirus."