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Wales To Trial UBI

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By *ercury OP   Man
over a year ago

Grantham

Reports say that Wales is to trial Universal Basic Income.

Every adult would receive a sum of money, regardless of need or circumstances.

This system has been trialled in other countries, with varying degrees of success.

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By *ovebjsMan
over a year ago

Bristol


"Reports say that Wales is to trial Universal Basic Income.

Every adult would receive a sum of money, regardless of need or circumstances.

This system has been trialled in other countries, with varying degrees of success. "

So that would include millionares too ?

That would ber a kick in the nuttz for not so well off people

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By (user no longer on site)
over a year ago

This may come as a surprise to some on here but as a basic principle I'm actually not opposed to this.

However, it’s way more complicated than just a basic income.

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By *abioMan
over a year ago

Newcastle and Gateshead


"Reports say that Wales is to trial Universal Basic Income.

Every adult would receive a sum of money, regardless of need or circumstances.

This system has been trialled in other countries, with varying degrees of success.

So that would include millionares too ?

That would ber a kick in the nuttz for not so well off people "

In theory it’s a good idea…. The point of UBI isn’t to replace a working income, but to take the pressure of having to rely on having to live to work

It has to be at a level where working will still get you more money…. And that is the incentive to get a job! I would love to be in a position where I maybe could work fewer hours so I could then do other things

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By *obka3Couple
over a year ago

bournemouth

So where is the money coming from to pay for it ?

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By *ionelhutzMan
over a year ago

liverpool


"So where is the money coming from to pay for it ? "

One less royal yacht?

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By *obka3Couple
over a year ago

bournemouth


"So where is the money coming from to pay for it ?

One less royal yacht?"

Yep that would do it, about £70 a head.

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By *atEvolutionCouple
over a year ago

'Merry Christmas'

If it was good enough for the Romans. Then it's good enough for us.

And now I'm right back to Monty Python again!

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By *ostafunMan
over a year ago

near ipswich


"So where is the money coming from to pay for it ? "
They would have to disband other welfare payments and raise taxes there is a reason that no country has adopted it. Finland trailed it with 2000 people for two years who were on basic unemployment benefit and never continued with it after.

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By *ostafunMan
over a year ago

near ipswich


"So where is the money coming from to pay for it ?

One less royal yacht?"
straight out of the dianne abbott school of economics.

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By *ionelhutzMan
over a year ago

liverpool


"So where is the money coming from to pay for it ?

One less royal yacht?

Yep that would do it, about £70 a head. "

Every penny helps..but they are struggling tbf.

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By (user no longer on site)
over a year ago


"So where is the money coming from to pay for it ? They would have to disband other welfare payments and raise taxes there is a reason that no country has adopted it. Finland trailed it with 2000 people for two years who were on basic unemployment benefit and never continued with it after.

"

I would imagine all other income based benefits would be abolished.

I don't know how this would work though.

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By *ostafunMan
over a year ago

near ipswich


"So where is the money coming from to pay for it ? They would have to disband other welfare payments and raise taxes there is a reason that no country has adopted it. Finland trailed it with 2000 people for two years who were on basic unemployment benefit and never continued with it after.

I would imagine all other income based benefits would be abolished.

I don't know how this would work though."
Exactly im sure all those people on disability, mobility ,housing, etc benefits will be well happy losing them for UBI there were nearly riots over UC.

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By (user no longer on site)
over a year ago


"So where is the money coming from to pay for it ? They would have to disband other welfare payments and raise taxes there is a reason that no country has adopted it. Finland trailed it with 2000 people for two years who were on basic unemployment benefit and never continued with it after.

I would imagine all other income based benefits would be abolished.

I don't know how this would work though.Exactly im sure all those people on disability, mobility ,housing, etc benefits will be well happy losing them for UBI there were nearly riots over UC."

Disability and Mobility aren't income based though. As I say, not sure how it would work but I'm not actually against it in principal. I say that without knowing any details.

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By *ostafunMan
over a year ago

near ipswich


"So where is the money coming from to pay for it ? They would have to disband other welfare payments and raise taxes there is a reason that no country has adopted it. Finland trailed it with 2000 people for two years who were on basic unemployment benefit and never continued with it after.

I would imagine all other income based benefits would be abolished.

I don't know how this would work though.Exactly im sure all those people on disability, mobility ,housing, etc benefits will be well happy losing them for UBI there were nearly riots over UC.

Disability and Mobility aren't income based though. As I say, not sure how it would work but I'm not actually against it in principal. I say that without knowing any details."
I was reading an article about democratic presidential candidate in 2020 Andrew yang who made giving everyone $1000 a month his centrepiece and the arguments against it.It was saying that other safety nets would have to be cut to fund it and that even then it would be 75% of the federal governments revenue.The money has to come from somewhere.

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By (user no longer on site)
over a year ago


"So where is the money coming from to pay for it ? They would have to disband other welfare payments and raise taxes there is a reason that no country has adopted it. Finland trailed it with 2000 people for two years who were on basic unemployment benefit and never continued with it after.

I would imagine all other income based benefits would be abolished.

I don't know how this would work though.Exactly im sure all those people on disability, mobility ,housing, etc benefits will be well happy losing them for UBI there were nearly riots over UC.

Disability and Mobility aren't income based though. As I say, not sure how it would work but I'm not actually against it in principal. I say that without knowing any details. I was reading an article about democratic presidential candidate in 2020 Andrew yang who made giving everyone $1000 a month his centrepiece and the arguments against it.It was saying that other safety nets would have to be cut to fund it and that even then it would be 75% of the federal governments revenue.The money has to come from somewhere. "

Yeahbof course it has to come from somewhere. I would imagine an increase in income tax to offset some of it.

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By *oo hotCouple
over a year ago

North West

It’s going to have to come in at some time or other as AI replaces people.

Perhaps Corporation Taxes will evolve into some other kind of Corporate supplement to social welfare. After all, if certain companies earn billions whilst only employing a handful of people, the country will be starved of PAYE, NI and indirect VAT because there are no employees spending money.

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By *ebbie69Couple
over a year ago

milton keynes


"Reports say that Wales is to trial Universal Basic Income.

Every adult would receive a sum of money, regardless of need or circumstances.

This system has been trialled in other countries, with varying degrees of success. "

Have they said yet how much this payment will be and if it literally goes to everyone regardless. If its to be a permanent thing it will require permanent source of funding, have they confirmed what will be cut or what taxes will be increased yet

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By *obka3Couple
over a year ago

bournemouth

It sounds to me a great way of costing a lot of money to achieve very little but extra public sector jobs that again need to be paid for out of the wealth generated by "real" jobs .

Great socialist thinking as usual but if course it will buy a few more votes.

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By (user no longer on site)
over a year ago

All going along to plan

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By *candiumWoman
over a year ago

oban

I've been in favour of a ubi for some time. It actually works out cheaper than the current benefits system as you cut down the bureaucracy of assessing entitlement. It would have to be set at the right level though. You want to afford Sky you get a job. You want to afford kids, you get a job. Etc.

The issue of disability benefits could be a minefield although it would help those who can't work full-time due to health but can't afford to work part-time.

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By *ostafunMan
over a year ago

near ipswich


"I've been in favour of a ubi for some time. It actually works out cheaper than the current benefits system as you cut down the bureaucracy of assessing entitlement. It would have to be set at the right level though. You want to afford Sky you get a job. You want to afford kids, you get a job. Etc.

The issue of disability benefits could be a minefield although it would help those who can't work full-time due to health but can't afford to work part-time."
Where did you find the costing that it works out cheaper? as i have only found ones that say its would cost a lot more.

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By *mmabluTV/TS
over a year ago

upton wirral


"Reports say that Wales is to trial Universal Basic Income.

Every adult would receive a sum of money, regardless of need or circumstances.

This system has been trialled in other countries, with varying degrees of success. "
The British parliament should not finance this we are being taken for mugs

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By *eroy1000Man
over a year ago

milton keynes


"Reports say that Wales is to trial Universal Basic Income.

Every adult would receive a sum of money, regardless of need or circumstances.

This system has been trialled in other countries, with varying degrees of success. The British parliament should not finance this we are being taken for mugs"

I have not looked into it much but did notice the Welsh leader said they have to plan very carefully as it has to be operated within their current devolved powers. Assuming they have the same devolved powers as Scotland then it sounds like they will fund it themselves. As others have said coming up with a figure that is both affordable to the Welsh parliament and beneficial to the people could be very tricky

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By *ost SockMan
over a year ago

West Wales and Cardiff

It’s had some interesting results in other countries.

I’m all for trying out radical ideas in Wales, particularly around environmental issues, green technology, tackling inequality, the second home crisis and health.

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By (user no longer on site)
over a year ago

I've read that by stopping corporate subsidies and closing tax loopholes there would be enough to finance this and still plenty left over. Dunno how accurate that is tho.

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By *obka3Couple
over a year ago

bournemouth


"I've read that by stopping corporate subsidies and closing tax loopholes there would be enough to finance this and still plenty left over. Dunno how accurate that is tho. "

Define corporate subsidy? Often that keeps people in work, we have enough work shy people now, this would just encourage it

Unless of course everyone receiving it had to do some form of work, volunteering could qualify, if that occurred it might be an idea looking at.

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By (user no longer on site)
over a year ago

Is it the right time to try it?

National debt etc...?!

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By *ntrepid ExplorersCouple
over a year ago

Birmingham


"I've read that by stopping corporate subsidies and closing tax loopholes there would be enough to finance this and still plenty left over. Dunno how accurate that is tho.

Define corporate subsidy? Often that keeps people in work, we have enough work shy people now, this would just encourage it

Unless of course everyone receiving it had to do some form of work, volunteering could qualify, if that occurred it might be an idea looking at. "

Seems like you haven't looked up anything about the existing research into UBI. Evidence shows it doesn't promote people not working. It gives people the ability to work doing what they actually want to, and work much harder as a result often. Not all across the board, but seems to really show that it's a massive net boost to a society, just like socialized health care, benefits and the weekend. This is hopefully just the next step.

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By *obka3Couple
over a year ago

bournemouth


"I've read that by stopping corporate subsidies and closing tax loopholes there would be enough to finance this and still plenty left over. Dunno how accurate that is tho.

Define corporate subsidy? Often that keeps people in work, we have enough work shy people now, this would just encourage it

Unless of course everyone receiving it had to do some form of work, volunteering could qualify, if that occurred it might be an idea looking at.

Seems like you haven't looked up anything about the existing research into UBI. Evidence shows it doesn't promote people not working. It gives people the ability to work doing what they actually want to, and work much harder as a result often. Not all across the board, but seems to really show that it's a massive net boost to a society, just like socialized health care, benefits and the weekend. This is hopefully just the next step."

Um the research I've found shows there is at least some evidence that people are less inclined to work and that was on pretty low levels of basic income, the fact that the countries that tried it srent doing it any more is enough to show they dont think it works.

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