Quote:
Originally Posted by RichardCoulter
UBI would be taxable, so that would claw back some of it.
There would be huge cost savings in benefits with most people no longer needing them, student maintenance loans could be abolished and the administration of all these schemes would reduce by a massive amount eg most unemployed people would not need to be signed on, there would be no need for them to be checked up on to see if they're looking for work. Most sick and disabled people wouldn't need to be constantly tested again and again, very few appeals would be made, most of those in work wouldn't need any other top up payments like Access To Work, Universal Credit, Tax Credits, Housing Benefit, Council Tax Support. Pensioners wouldn't be forced into a humiliating means test to top up their pension with pension credit etc etc.
Fraud would be virtually eliminated.
The remainder would be raised by a robot tax on employers to share the benefits of automation and help to negate the negative effects.
---------- Post added at 11:44 ---------- Previous post was at 11:30 ----------
But people would have it as a right for simply being over the minimum age decided and living in the UK.
This is one of the reasons why I think we need to deal with immigration as a matter of urgency. Even if it can be proved that the economy needs immigrants at the moment, they will become a burden in future years. Perhaps we ought to be giving out fixed time visas right now.
The only fraud I can think of would be claims for non existent people or those who have died, with all other current fraudulent activity no longer being relevant (eg not declaring savings, income etc) fraud inspectors could concentrate on this activity.
Rather than increasing the tax for those still in employment, it would be paid for by paying less out in benefits, reducing administrative costs, reducing fraud, increasing the tax take by making it taxable income and a tax on employers who save money on their wages bill by using robots.
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So, no more more benefit payments, that's all Jobcentre employees out of work. The payment of UBI could easily be automated so that's a whole load more DWP employees out of work. UBI would only be taxable for those with a job or savings higher than the allowed amount. So automation as well as putting millions out of work will also cut the jobs of those who would usually deal with them. Cool cost savings there.
I agree with you on immigration and think we should also move onto a points based system where those who are really needed should be allowed in but for set periods depending on age of entry and taxes paid or something along those lines.
I forgot to ask, will UBI be a lesser amount than current benefits considering there will be a huge rise in unemployment due to automation?