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UBI: Universal Basic Income w/ Ben Phillips, ANU - EP126

Economics Explored

00:00

What Is Universal Basic Income?

At the moment we've got a very means tested system of welfare payments. Those payments vary by your age or what type of payment that you're on. So effectively, universal basic income would be for all adults in Australia. The Greens are suggesting I think it's about 1100 and 50 or 11160 per fortnight which is a fair way above even the age pension. And obviously someone has to pay for either through more personal income tax or wealth tax or some other form of tax.

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