How can UBI be funded in India? The meaning of ‘basic income’ can be construed as programmes in which payments are high enough to meet basic living expenses.
A piece of recent significant news is that tax on superrich can fund Rahul Gandhi’s NYAY , as said by World Inequality Lab, a Paris based organization. Under simple assumptions, a 2% tax on total wealth on households owning more than Rs. 2.5 crore of wealth (the top of 0.1% of households), would yield Rs. 2.3 trillion or 1.1% of GDP. Guaranteeing a minimum income of Rs. 72000 to households with […]
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