Would a basic income to everyone work?

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William Joseph1
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Would a basic income to everyone work?

Post by William Joseph1 » Tue May 07, 2019 7:49 pm

Basic income of £48 a week in UK urged
Story here: https://www.bbc.co.uk/news/business-48185806
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Derbiean
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Re: Would a basic income to everyone work?

Post by Derbiean » Tue May 07, 2019 10:38 pm

"He was asked to write it by the Progressive Economy Forum, a left-leaning group of economists."

All of us leftists would say aye, everyone else nay :mrgreen:

In my opinion, it would be a good start to attempting to alleviate poverty in this country, tho how you manage to give the money to homeless people with no bank accounts would make for an interesting exercise in problem solving.

"And the government has previously said a universal basic income would not work for those who need more support, such as disabled people and those with caring responsibilities."

Because the DWP works excellently at supporting disabled people no need to try anything new :thumbup:*

*Warning this comment contains an unhealthy amount of sarcasm.

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Re: Would a basic income to everyone work?

Post by expressman33 » Tue May 07, 2019 10:56 pm

I would need a lot more details of how it would work before I could decide for or against it

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Re: Would a basic income to everyone work?

Post by blythburgh » Wed May 08, 2019 8:20 am

I think this was trialled once before. I have a vague feeling that it was Finland and the trial was discontinued.

Not got time to do any digging about this though.
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Re: Would a basic income to everyone work?

Post by AAAlphaThunder » Wed May 08, 2019 8:41 am

It is certainly a novel idea well worth exploring.
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Re: Would a basic income to everyone work?

Post by Sarah » Wed May 08, 2019 9:13 am

I can't see this being very popular. The basic personal allowance is around £240 per week to begin with, then add on tax relief for pension contributions etc and it's increasingly difficult to imagine the working population getting behind the idea of swapping those allowances (and more) for just £48 per week! Forget it...!

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Re: Would a basic income to everyone work?

Post by AAAlphaThunder » Wed May 08, 2019 12:33 pm

Sarah wrote:
Wed May 08, 2019 9:13 am
I can't see this being very popular. The basic personal allowance is around £240 per week to begin with, then add on tax relief for pension contributions etc and it's increasingly difficult to imagine the working population getting behind the idea of swapping those allowances (and more) for just £48 per week! Forget it...!
You forget the fact that not everyone is as clever as you.
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Re: Would a basic income to everyone work?

Post by pabenny » Wed May 08, 2019 12:59 pm

Sarah wrote:
Wed May 08, 2019 9:13 am
The basic personal allowance is around £240 per week ...swapping for £48 per week!
If the personal allowance was withdrawn, people* would pay an additional... £48/week in income tax.

* basic rate taxpayers earning more than £12,000 a year. Low earners would be better off; higher-paid basic rate taxpayers would move into higher rates
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Re: Would a basic income to everyone work?

Post by expressman33 » Wed May 08, 2019 2:19 pm

Sarah wrote:
Wed May 08, 2019 9:13 am
I can't see this being very popular. The basic personal allowance is around £240 per week to begin with, then add on tax relief for pension contributions etc and it's increasingly difficult to imagine the working population getting behind the idea of swapping those allowances (and more) for just £48 per week! Forget it...!
depends which allowances were stopped.
The self employed can sometimes claim for business expenses such as expenses for an office at home OR the trading allowance . Employed people can claim for car mileage and can get a tax allowance for uniform laundry. Blind people get an additional tax allowance .Would ALL these stop ?

It says children might get a small basic income but would pensioners get a basic income on top of their pension ?
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Re: Would a basic income to everyone work?

Post by Sarah » Wed May 08, 2019 2:40 pm

pabenny wrote:
Wed May 08, 2019 12:59 pm
If the personal allowance was withdrawn, people* would pay an additional... £48/week in income tax.
Oops, yes, correct. I forgot to multiply by 20%. Thankfully we're not (yet) taxed at 100%!
expressman33 wrote:
Wed May 08, 2019 2:19 pm
depends which allowances were stopped
Isn't it suggesting all of them are stopped?

"Professor Standing said there are 1,156 tax reliefs in the UK at the moment and if they were scrapped that would pay for a basic income."
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