Dr. Asghar Adelzadeh. Picture: Timothy Bernard /Independent Newspapers Providing a Basic Income Grant (BIG) is possible in South Africa by applying a wealth tax and Social Security Tax, a new study has found.
The study was conducted by Applied Development Research Solutions (ADRS) and the Institute for Economic Justice (IEJ).
ADRS said that the findings were based on the Dynamically Integrated Macro-Micro Simulation Model (DIMMSIM) and targeted South Africans aged between 18 and 59 years for the grant.Dr Asghar Adelzadeh, chief economic modeller at (ADRS) Global, a modelling software company, said that for the simulation the social relief of distress grant […]
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