Something that's not been mentioned much is the impact on the benefits system - and specifically the cost. Presumably this would completely replace all benefits - everyone gets $X a month, as a universal benefit. No specific claim for housing benefit, jobseekers benefit, etc.
On the one hand, this massively reduces the bureaucracy/overhead of administering the system, reviewing claims, etc. On the other hand, all the public servants involved in the administration would presumably be out of work. But then, everyone's got this extra cash, to put back into the economy through their purchases…
Would be really interesting to see the effects at a large/national scale.
On the one hand, this massively reduces the bureaucracy/overhead of administering the system, reviewing claims, etc. On the other hand, all the public servants involved in the administration would presumably be out of work. But then, everyone's got this extra cash, to put back into the economy through their purchases…
Would be really interesting to see the effects at a large/national scale.