cover image: 8 - MODELLING FISCAL PATHWAYS TO A BASIC INCOME - THE FOUR

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8 - MODELLING FISCAL PATHWAYS TO A BASIC INCOME - THE FOUR

7 Feb 2024

pathways; based on the rate at which the value and coverage of the grant is increased.3 In all three scenarios the BIG constitutes a grant provided to BASIC – covers individual adults from the age of 18 to 59, with no conditionalities. [...] In the model the BIG scenarios are funded by different mixes of a small wealth tax, a Social Security Tax GUARANTEE – introduced towards the end of the decade,4 and the additional government provided as a right. [...] The scenarios see Africa is how much it will cost and how the government will the reduction of the poverty rate by up to two-thirds in the pay for it. [...] The social security tax could the net cost of a UBIG? cover around 25% of the cost of a UBIG. [...] Forthcoming factsheets in this series will focus on: That cost is borne by the poorest, in the form of trauma, • UBIG, hunger, and the rising cost of living malnutrition, and the theft of their agency and opportunities, • UBIG and the just transition but it is also borne by the government in the form of health costs, crime, a shrinking tax base, a stagnating economy, www.iej.org.za and inevitable.
Pages
4
Published in
South Africa