$18,500 a year for all: a basic income would reduce inequality, says study

A basic income for all adults of $18,500 a year, tapering off as work-related earnings increase, would lift tens of thousands out of poverty and dramatically reduce inequality in Australia.

As employment and earnings are hit by COVID-19 disruptions, three academic experts have evaluated the costs of a payment that would go to most people of working age regardless of their employment status. A basic income for adults would reduce inequality in Australia. Credit:Dominic Lorrimer Their proposed Australian Basic Income is comparable to a universal basic income (UBI), a policy option that has attracted growing international attention during the past […]

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