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Universal Basic Income?

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By *r_Jake70 OP   Man
over a year ago

London

Time to roll this out? Discuss.

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By *iking67Man
over a year ago

BP Auckland

No as it will lead to massive inflation

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By *r_Jake70 OP   Man
over a year ago

London

[Removed by poster at 20/03/20 10:26:51]

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By *r_Jake70 OP   Man
over a year ago

London


"No as it will lead to massive inflation"

How so?

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By *iking67Man
over a year ago

BP Auckland

Every retailer will know each customer has x amount of money so will raise prices to get there cut

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By *wisted999Man
over a year ago

North Bucks


"No as it will lead to massive inflation"

That’s the risk.

Legislation would need to be carefully considered to counter it.

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By *r_Jake70 OP   Man
over a year ago

London

There’s absolutely no proof that that will happen at all. It hasn’t happened in any of the trials. In fact inflation has fallen in several cases.

Next

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By *wisted999Man
over a year ago

North Bucks


"There’s absolutely no proof that that will happen at all. It hasn’t happened in any of the trials. In fact inflation has fallen in several cases.

Next"

Where have they trialed it?

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By *essie.Woman
over a year ago

Serendipity


"There’s absolutely no proof that that will happen at all. It hasn’t happened in any of the trials. In fact inflation has fallen in several cases.

Next"

Where has it been trialled?

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By *lanemikeMan
over a year ago

Bolton

Finland.....there are others but cannot cite them. It was abandoned there...

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By *r_Jake70 OP   Man
over a year ago

London

IN most cases, people wouldn’t be any better off. There wouldn’t be trillions of extra inflation-making pound floating around. You’d be replacing complicated benefits with a simple, payment that guarantees a basic standard of life. Everyone who earned on top of that would be paying tax on every penny, so would not have loads of extra to spend.

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By *r_Jake70 OP   Man
over a year ago

London


"Finland.....there are others but cannot cite them. It was abandoned there..."

Finland was different. It was only for the unemployed.

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By *udistcpl1Couple
over a year ago

Wirral

Is this a general idea after the virus or to help everyone during this period? Its sound a bit like Communism or at least very strong socialism we know that doesn't work.

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By *lanemikeMan
over a year ago

Bolton


"Finland.....there are others but cannot cite them. It was abandoned there...

Finland was different. It was only for the unemployed. "

OK... Guess if UBI was paid here it would only be paid to people of working age. Those of us on pension would not need it..

In general I would not be in favour, prefer something a bit more targeted...

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


"No as it will lead to massive inflation

How so?"

Look at what help-to-buy did to house prices. Housebuilders simply added it on to the price of a new house.

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By *udistcpl1Couple
over a year ago

Wirral

By the way, I also agree that this so called free open market idea doesn't work either - look at the US. Trust me, you wouldn't want to live there if you have issues. It is ok if you are able and rich but huge areas of the US look terrible.

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By *wisted999Man
over a year ago

North Bucks


"Finland.....there are others but cannot cite them. It was abandoned there...

Finland was different. It was only for the unemployed. "

where was it trialed successfully?

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By *estofbothCouple
over a year ago

Cardiff

Seems unnecessary and just stupidly expensive.

Work on the benefits system for people who really need it, this would just encourage more people not to work, and really wouldn’t make any difference to those of us that do support ourselves.

Use some of the money to set the infrastructure up so that if you claim unemployment benefits, then you are available and called upon to do community work x amount of days a month.

Excluding the disabled and those that we genuinely have an obligation as a country to support. There’s no way an able bodied capable person should be entitled to money for doing nothing, it’s a safety net and is there because there are no jobs and you can’t provide for yourself, so you essentially work for the country while you get back on track.

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By *r_Jake70 OP   Man
over a year ago

London


" where was it trialed successfully? "

Alaska, Mexico, Kuwait all had limited trials which proved successful.

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By *lanemikeMan
over a year ago

Bolton


" Seems unnecessary and just stupidly expensive.

Work on the benefits system for people who really need it, this would just encourage more people not to work, and really wouldn’t make any difference to those of us that do support ourselves.

Use some of the money to set the infrastructure up so that if you claim unemployment benefits, then you are available and called upon to do community work x amount of days a month.

Excluding the disabled and those that we genuinely have an obligation as a country to support. There’s no way an able bodied capable person should be entitled to money for doing nothing, it’s a safety net and is there because there are no jobs and you can’t provide for yourself, so you essentially work for the country while you get back on track. "

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By *moothCriminal_xMan
over a year ago

Redditch

Love how many people in this thread have such strong opinions when their level of expertise in economics is 0. Brexit all over again!

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By *lanemikeMan
over a year ago

Bolton


"No as it will lead to massive inflation

How so?

Look at what help-to-buy did to house prices. Housebuilders simply added it on to the price of a new house. "

Yep, an example of "tinkering around" with a system that had some problems but the so called "solutions" made things worse. Quite a few examples of that around when you come to look...

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By *lanemikeMan
over a year ago

Bolton


"Love how many people in this thread have such strong opinions when their level of expertise in economics is 0. Brexit all over again!"

That is what happens in democracies....!!

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By *r_Jake70 OP   Man
over a year ago

London


" Seems unnecessary and just stupidly. "

How so expensive?

Think of the red tape that would be jettisoned in and instant.

Also, in a civilised society doesn’t everyone deserve a basic standard of living?

My question was aimed specifically in this forum for this point in time. There are thousands of people who do not qualify for sickness payment, or compensation for their loss of income due to the nature of their work. How will the benefits system cope with the huge influx of new claimants? (having proved itself incapable of dealing with the current amount), and how are people expected to live in the interim?

Even the Trump is contemplating it.

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By *wisted999Man
over a year ago

North Bucks

I think it’s a great idea for the present circumstances. Even temporarily.

As long as greedy price gougers don’t take advantage.

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By *lanemikeMan
over a year ago

Bolton

Hey, I would not write it off. Generally I support universal benefits as there is less beaurocracy involved...

Just think this one is a bit over kill...

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

I think any relaxing of unnecessary bureaucracy in order to enable us all to do the best we can and lessen financial worry in relation to being able to provide our most basic needs at this time is a really positive and sensible measure

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


"I think any relaxing of unnecessary bureaucracy in order to enable us all to do the best we can and lessen financial worry in relation to being able to provide our most basic needs at this time is a really positive and sensible measure "

I dont think there is going to be a choice

If people cant buy food, there will be civil unrest

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