A basic income grant for South Africa: more money in poor people's pockets, but at a heavy cost

[Jan]

Basic income grant could hurt South Africa's economy and kill a million jobs

Analyses of the implications of extending income support measures in South Africa, including a basic income grant, have focused on one of three things: how much it will cost, calculations about how much revenue would need to be raised (but without assessing the ripple effects), and how it might affect the incomes of the rich and the poor.

Each of these provides important contributions. But they don’t address the dynamic and long-term implications of basic income support options on the country’s economy and its finances.

[The Conversation]

 

[FiestaST]

Just take note of the meat & chicken prices otherwise look at crickets & soya.

Warning over meat and chicken prices in South Africa

Warning over meat and chicken prices in South Africa The Bureau for Food and Agricultural Policy (BFAP) has published its food inflation brief for August 2022, highlighting the food items that have recorded the biggest price hikes in South Africa.

mybroadband.co.za

 

[Lupus]

From where?? Where does this mystery money come from

 

[BBSA]

From where?? Where does this mystery money come from

Selling electricity

 

[3WA]

Would be awesome if people who chose to collect grants forfeited their right to vote.

 

[Ragnarök]

Would be awesome if people who chose to collect grants forfeited their right to vote.

Or there right to make babies

 

[Polymathic]

The thing with UBI is that you're going to have to have an additional tax to counter inflation and expect everything that government doesn't classify as essential to be taxed to high hell.

 

[BBSA]

Or there right to make babies

Apparently getting pregnant in South Africa happens by accident.

 

[NarrowBandFtw]

The thing with UBI is that you're going to have to have an additional tax to counter inflation and expect everything that government doesn't classify as essential to be taxed to high hell.

endless loop of government interference:
- cause inflation
- print more money/tax more/acquire more debt so the poor can afford higher prices
- causing yet more inflation
- back to the money printing we go

 

[Iwojima]

More evidence that this government is determined to destroy the middle class.

Create opportunity, not handouts.

 

[brilliantt]

So many numbers. I stopped reading.
So I guess it shouldn't be done. Right?

 

[elf_lord_ZC5]

Votes are more important than the economy. So grants win, big time.

 

[username and 23 others]

Feed the poor to the hungry. Problem solved.

 

[elf_lord_ZC5]

Feed the poor to the hungry. Problem solved.

Problem is they are spoilt rotten already.

 

[Mike Hoxbig]

Give me an incentive to hire just two unemployed people rather than take their self esteem with handouts.

You think they give a toss about self esteem when it comes to free money?

 

[Slootvreter]

You think they give a toss about self esteem when it comes to free money?

True, almost nobody gives a fck about anything if they can score.

 

[Bewlen]

From where?? Where does this mystery money come from

Increased taxation. But no one wants to say it out loud.

 

[Mawirepower]

Apparently getting pregnant in South Africa happens by accident.

To be fair, when was the last time you had sex TO MAKE A BABY!

 

[elf_lord_ZC5]

To be fair, when was the last time you had sex TO MAKE A BABY!

Being on the wrong side of 60, and after 4 children, quiet awhile ago

 

[Solarion]

Maybe fix the economy by dealing with corruption instead of trying to appease the voter base with more handouts, then you wouldn't have this unemployment epidemic. This is colonial logic I know sorry, what was I thinking.