What do you think of a universal basic income scheme in Singapore? Do you think that's feasible here?
To help Singaporeans who have been hit hard by the COVID-19 pandemic, NMP Walter Theseira proposed that the Government implement a temporary universal basic income scheme that will give a weekly payout to all Singaporeans for at least 12 weeks.
Called the Majulah Universal Basic Income Scheme, it would be funded by a temporary increase in personal income taxes.
Here's the link: https://www.channelnewsasia.com/news/parliament...
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Angeline Teo
01 May 2020
Calculator at The Internet
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Cedric Jamie Soh
20 Apr 2020
Director at Seniorcare.com.sg
I think it is extremely feasible but would be politically unwelcome.
Look at what the government is handling relief out
Self-Employed $1000 per mth
Unemployed: $800 per month.
The government is sending a clear and loud signal to the people, we will help you MORE if you make an effort to work.
A universal basic income is against what they are advocating for.
I will vote for a universal basic income though, even if i have to pay more income taxes.
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Kenneth Lou
12 Apr 2020
Co-founder at Seedly
Hey Gabriel!
Yup saw this sparked off a huge huge debate and interesting perspectives as well.
I ...
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Love the ideal of a UBI (universal basic income)
a $1000 per mth for all singaporeans will reduce the fundamental stress of thinking abt bills and food and shelter.
maybe not $1000, but a smaller sum, not enough to make you super comfortable but enough to eat and live in SIngapore. $500?