Those who follow these things will know that Labour has spoken approvingly of a New Economics Foundation suggested ‘Basic Income’ for everyone earning less than £125,000 a year (though some, including me, think that any sort of means test is not actually desirable – what is desirable is proper taxes on UNEARNED income (which was enforced in the tax system in our more enlightened past).
In any event this four minutes or so of explanation of ‘Diet UBI’ from Novara Media is well worth it!
Free money for everyone! pic.twitter.com/BghGsdTf9T
— Ash Sarkar (@AyoCaesar) March 13, 2019