3 ms·

I think they mean more that if you're already above the tax threshold then you wouldn't get £10k, you'd get £10k minus the prevailing rate of tax - so if you al

I think they mean more that if you're already above the tax threshold then you wouldn't get £10k, you'd get £10k minus the prevailing rate of tax - so if you already earned £11500-£34500 then you'd get £8000 (£10k-20%). If you earned £34500-£150,000 then you'd get £6000(£10k-40%), and over £150k you'd get £5500(£10k-45%).

OscarCunningham 9y ago
Do they really mean "We're going to make this money so tedious and bureaucratic to apply for that a middle class person wouldn't bother to do it even for £6000"?
- napa15 9y ago
  Wow, now that is out of touch. If you think 6000 isnt enough money to do some paperwork then you're exactly the kind of person that shouldnt be allowed to have the money.
GordonS 9y ago
That's hardly 'universal' then, is it? It seems this is more a way of changing how benefits are paid to low earners, rather than a real attempt at UBI. Which is a shame; 10k could still make a significant difference to someone earning, for example, £35k (not a high earner by any stretch) - starting a business, paying for childcare etc.
amygdyl 9y ago
The National Audit Office must publish the model for this system, forthwith. Only then can debate begin. And political parties must be compelled to publish their proposals both normalised to the NAO model specification and atomically for the inputs and outputs of specific effects of the rules, especially of housing rules. In this way I could throw about ideas like my"basement benefit" contribution to a ring fenced home deposit scheme for all mature children living with parents whilst in work. This could be extended for those with parents over the age of fifty five, to build a capital cushion cover for care for parents, meeting with needs such as home modification and such things as mobility. Specifically I like the idea of subsidy for a station wagon or similar practical vehicle, for the adult carer if parents who are willing to give up their driving license.
mseebach 9y ago
That can't be it either. Giving 65 million brits even £5,500 would cost £357b EDIT: oh, what's a million or a billion between friends?
- OscarCunningham 9y ago
  £357B

OscarCunningham 9y ago

Do they really mean "We're going to make this money so tedious and bureaucratic to apply for that a middle class person wouldn't bother to do it even for £6000"?

napa15 9y ago
Wow, now that is out of touch. If you think 6000 isnt enough money to do some paperwork then you're exactly the kind of person that shouldnt be allowed to have the money.

GordonS 9y ago

That's hardly 'universal' then, is it? It seems this is more a way of changing how benefits are paid to low earners, rather than a real attempt at UBI. Which is a shame; 10k could still make a significant difference to someone earning, for example, £35k (not a high earner by any stretch) - starting a business, paying for childcare etc.

amygdyl 9y ago

The National Audit Office must publish the model for this system, forthwith. Only then can debate begin. And political parties must be compelled to publish their proposals both normalised to the NAO model specification and atomically for the inputs and outputs of specific effects of the rules, especially of housing rules. In this way I could throw about ideas like my"basement benefit" contribution to a ring fenced home deposit scheme for all mature children living with parents whilst in work. This could be extended for those with parents over the age of fifty five, to build a capital cushion cover for care for parents, meeting with needs such as home modification and such things as mobility. Specifically I like the idea of subsidy for a station wagon or similar practical vehicle, for the adult carer if parents who are willing to give up their driving license.

mseebach 9y ago

That can't be it either. Giving 65 million brits even £5,500 would cost £357b EDIT: oh, what's a million or a billion between friends?

OscarCunningham 9y ago
£357B