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

Economics Explored

00:00

Is That a Great Idea?

The most expensive welfare system under a UBI say under the green scheme would be somewhere around about $500 billion per year. That's an unbelievable amount of money. So you're still looking at having to sort of double the welfare system in Australia. And knock on from that is to increase taxes by 2030% across the country. But it's still an interesting idea to think about, I guess.

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