Universal Basic Income Grant: When nothing is affordable, we had better choose the best unaffordable solution

Universal Basic Income Grant: When nothing is affordable, we had better choose the best unaffordable solution

Residents of the Marikana informal settlement wait for food from the Volunteers for Indian Welfare Society during the national Covid-19 lockdown. (Photo: EPA-EFE / Kim Ludbrook) Less A Universal Basic Income Grant would provide basic economic security to each individual, regardless of marital, family or household status. It should be paid with no means testing, at regular intervals, and without direction or restrictions on how to spend it.

The economic numbers are terrible. The effects of the lockdown are likely to see tax revenue collapse by R250-billion and the deficit rise to between 16% and 19% of GDP.

Even […]

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