It is Time to Fix the Economy

Source: The ATOM


Now Canada is trying a basic income, Britain can ignore it no longer | Voices | The Independent

If he lives up to his promises – and the early signs are good – Justin Trudeau is shaping up to one of the most ambitious liberal premierships in modern history. He has welcomed refugees into Canada while EU nations have begun a backlash against them, stood up to Putin over land grabs in the North Pole and, in a show of respect across the ideological divide, has confirmed he will work with Donald Trump should the situation become necessary. He’s even been photographed with two Canadian baby panda bears this week.

Source: Now Canada is trying a basic income, Britain can ignore it no longer | Voices | The Independent

Some thoughts on UBI


– UBI equips society for the post-industrial age where employment is constantly changing. As there is no longer a guarantee of continuous employment or a job for life, UBI can provide the wherewithal for the times between jobs.

– UBI potentially means that people can live where they like throughout New Zealand, leading to re-population of the provinces.

– UBI will allow people to experiment and potentially fail without serious financial repercussions

– UBI will see the demise of the huge welfare support industry (WINZ / MSD)

– UBI will see the demise of taxes and entitlements like Working For Families, Unemployment Benefit, Superannuation, etc

– UBI will require compulsory teaching of economic management in schools

-UBI will be set at different rates depending on the age of the recipient – eg child rate $5,000pa, youth rate $10,000pa, adult rate $20,000pa

– UBI gives an economic value to children, with all the implications that flow from that

– UBI will allow relatives to become full time carers

– UBI will give the financial freedom for partners to leave violent domestic relationships

– UBI will exist alongside free health, education and the ACC

– UBI will allow additional support / disability payments to be managed through the health system

– UBI will bring in an era of reduced criminal recidivism.

– UBI will introduce an era of paid employment by choice, rather than by necessity

– UBI will require tax generation of $60bn pa from income tax, GST and property tax

– UBI will have no strings attached; it is a right for all citizens

– UBI will mean better distribution and therefore, better circulation of cash and assets

– UBI will give flexibility to employers to provide variable contracts

– UBI will provide flexibility to employees to bargain from a secure financial position

– UBI will lead to a less divided society