PROF. GUY STANDING: Over the years people have said [Basic Income] its unaffordable. Well it isnt unaffordable. Its very affordable. We give vast amount of money out through the exchequer, all governments do it, in subsidies that are spread across the society. Vast proportions of national income go in subsidies most of which do not go to low income people. They go to the affluent, they go to big corporations, and so on, for doing nothing. They get it as an encouragement for doing things. So you can say, well look its affordable. Its a matter whether you have priorities to give people Basic Income. Everybody should wake up to the fact that a lot of [rich] people in this country and every other country get a lot of some-things for nothing.
Posted on: Mon, 20 Oct 2014 17:09:04 +0000