- Staff Notice
The government should give £10,000 per year to every citizen under 55, a report suggests.
The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) says it could pave the way to everyone getting a basic state wage.
Background article here on UBI and Finland is trialling UBI and you can read about their experiences with it here.
If UBI could cut the welfare system and its myriad of different payments and bureaucracy, that seems a good thing to me, but it's the universal nature of this that is "slightly" worrying.
Why stop at £10k, why not pay £20k, £30k, or £40k to people instead and give everyone a proper income? Why work, when you get paid to do nothing?
If we were to go down this road, could a case be made for doing away with money altogether? If you don't need to work to earn money anymore, what would be the point of having money in such a UBI world?