Universal basic income looks like👇
If basic needs are met why will a human work hard.
How long can this scheme run? Andra pradesh Govt is bankrupt and economy is slowing there.
What are your views? I feel rich can always move abroad, it's the middle class who may get hit the most.
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It's the government's job to take care of its citizen. Period.
I as a tax payer in Bengaluru zone, don't mind it all.
Unless you are the only paying for everyone.
If you go on ground and talk to people, nobody voluntarily wants to not work. There are a plethora of reasons - lack of jobs, lack of education, mental health, alcoholism, etc.
A UBI is a guarantee that ensures your basic needs are met by the state. What a beneficiary of UBI gets is extremely basic.
Take for instance, 200 units of electricity. If you have a double door fridge, 2-3 fans, heater / AC, 4-6 lights - you’ll surpass 200 units with ease.
Public transport for women looks like an unnecessary thing when bus tickets were already cheap. You could travel the length and breadth of the city with under â‚ą60 in a regular bus. While it might not appear much, for a daily wager earning â‚ą400/day, this is 15% of their income.
While the implementation is complicated to bar folks from gaming the system, it’s a push in the right direction.
Letting large corporates get off with cheap subsidies assuming they will create large scale jobs and not give a fat paycheque to executives and stock holders is extremely indirect way of social welfare which probably won’t directly benefit a large chunk of the masses.
Yes, there will be rich people.
Yes, there will be corruption.
Yes, there will still be folks who game the system.
But this is directly benefiting the deserving, so this is a step in the right direction
With AI replacing all jobs this will become reality soon ... Also don't believe in the standard trickle down economics mann... There have been multiple studies showing how people are happier and do what they can do best when there is a safety net like universal basic income
Came here to say this, but you already posted, bro. 👍🏽
Studies show that people become more productive when they have social safety net, not less productive.
UBI is dumb.
The same government who's very inefficient is now going to provide for all. You have to be delusional to actually think this is gonna work out.
People don't care..My landlord who is in 30% bracket, applied for gruha jyothi for all his houses. And asked us to cough up 1500 more.
History will see them as robber Barron's, remember 2009-14 scams
When I say rich, it's the CM and their kids are already abroad
OP do you work for 3k rs. a month? If I give you 5kg rice will you stop working?
On the issue of funding - we pay income tax(30%) and gst and high tax on energy(36% on petrol and diesel thats reflected in every item you buy). Corporations pay way less (15%) and get rebate on gst paid upstream.
Theres no incentive for corporations to invest the profits due to these tax breaks, so why are these breaks in place?
Biggest issue which leads to failure of the schemes is Indian corruption. If there can be scam in health cards, dbt schemes can be scammed as well. For some reason corruption is no longer a priority in civil consciousness while it remains all pervasive and has grown massively since IAC movement did little to reduce it. RTIs are gone as well.
These breaks are in place to attract companies. without them even microsoft also doesn't have any incentive to open a captive center in India.
If Indians did enough innovations we could have created own jobs but that isn't the case. Our smart people get exported for peanuts while the west make billions on their efforts.
We didn't grow in 70s because of the same attitude that govt should take care of everything which lead to us getting bankrupt in 92, luckily $ dollar was dominant and imf/ UN worked. That's won't be the next time. Just see our neighbours, srilanka, Bangladesh, Pakistan all bankrupt due to bad policies.
AP is also Govt bankrupt,you don't want your state to end up like that where your economy is declining.
https://medium.com/@elnjasi/universal-basic-income-navigating-the-industrial-revolution-with-ai-and-elon-musks-vision-586e5d7f00fb