Government’s plan to give basic income to everyone in South Africa – and it wants tax hikes to fund it

Government’s plan to give basic income to everyone in South Africa – and it wants tax hikes to fund it

The Division of Social Improvement has printed a inexperienced paper on proposed social safety and retirement varieties for public remark.

One of many key proposals of the paper is the introduction of a Primary Revenue Grant (BIG), first mooted in 2002 as a part of the Taylor Report.

On the time of the Taylor Report, the BIG was calculated on a per-person foundation of R100 monthly. A family with six individuals – the common for the South African inhabitants on the time – would have obtained R600 a month, which the federal government would pay to the individual primarily liable […]

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