South Africa will need to consider tax increases and other adjustments if it is to fund a new basic income for people of working age between 18 and 60 in South Africa.
A panel of experts advised the country is gradually implementing a basic income allowance, starting with the institutionalization of a monthly social assistance payment introduced last year to offset the damage caused by the coronavirus pandemic.
While the exact amount of funding will depend on the support the government plans to offer indigent South Africans, it will likely be the taxpayers who foot the bill for these additional subsidies, […]
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