Charismatic

Taken from a Victoria report:




However my post was not merely informative. How much is the $28.6bn spent on social welfare is on a per capita basis?

Amount: $28,600,000,000
Population: 4,367,800
$/person: $6548
Amount weekly for every person: $125

So should we just introduce a universal wage everyone receives? Well I think Gareth Morgan has a good point.

I think it's an approach worth trying but are you convinced?

Stormer999

Where's the bit that explains where the income comes from? Or do you know that the total is personal contributions.

lardyl

dunno will get back to you when I've read the Big Kahuna, it's burning a hole in the bedside table.

Charismatic

How much do we pay students these days? $220/wk? If we are using $125/citizen we are meeting 57% of the overall cost of the program .

Think of the positive points:
- We could probably reduce unemployment to ~2% by no longer needing a minimum wage which would generate more revenues and greater productivity.
- There isn't incentive currently to work beyond the penalty band, if it where applied as a flat wage there would always still be incentive to work more.
- People who wanted to start their own businesses could do so safe in the knowledge they would always receive a wage.
- Currently there are 157,000 people unemployed and it's costing 20+bn. The waste via means testing etc. is probably staggering!

Charismatic

Tell me if that's any good actually! I've heard him speak and read some stories on the GMI website. He seems like a pretty clever and grounded bloke.

Actually the idea pre-dates him, I've seen it mentioned in socialist manifestos in the 70's (when unemployment was even higher so it made even more sense).