Stock image Workers could have their wages taxed at 40pc to pay for a new universal basic income under proposals examined in a report today.
Research by the ESRI reveals that rolling out a payment worth €1,200 a month per person, regardless of their income, would cost almost €50bn. The report says a universal basic income would be an unconditional payment that is made regularly to everyone over 18 and would be “sufficient to live on”.
It would not be means-tested and people would not have to work to get it.The report says recent policy proposals to afford such a scheme […]
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