Fully Costed Spending Plan

Labour and Conservatives are hiding their plans to make severe cuts to public spending after the election.


http://www.independent.co.uk/news/uk/politics/generalelection/general-election-2015-labour-and-tories-both-accused-of-hiding-impact-of-planned-spending-cuts-from-the-public-10144729.html

I am not.

Here is my fully costed plan.

5. What is your  fully costed plan detailing how the Tax Free Unconditional Basic Income would be paid for and implemented?

Based on these figures from the citizens income trust

http://www.citizensincome.org/filelibrary/poster2013.pdf

The cost of implementing the Tax Free Unconditional Basic Income. No strings Attached is £508 billion

 

51 million adults aged over 16 to be paid £170 a week = £450 billion

11 million children aged 0-15 to be paid £100 a week = £58 billion

 

The money to pay the Tax Free Unconditional Basic Income, No strings Attached, can be raised like this

Abolish current benefits system = £204 billion

Raise income tax from 20% to 50% = £132 billion

Abolish personal tax allowance = £170 billion

Abolish housing benefit = £25 billion

 

Total raised = £531 billion

Total spent = £508 billion

 

therefore

 

A budget surplus of £23 Billion

 

Enough to treble the UK transport budget!

 

For more information about the unconditional basic income, please visit this web site

https://thebigpoliticalparty.wordpress.com/

Facebook: https://www.facebook.com/BIG11375

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Twitter: @Eric_Mutch

What about single mums?

I was talking to a single mum tonight. Recieves £190 a week in benefits and £900 a month in housing benefit. Let’s say about £24,000 a year.

She would recieve £11375 + £5300 for her 2 kids.

Shes £7000 a year worse off under UBI.

When I explained how UBI works, she’s free of conditions, benefit sanctions and its unconditional, no strings attached.

She said she’d “snap my fucking hand off” her words not mine.

Said she could find a way to live on £17000 a year and home educate her kid.

Its the freedom that appeals.

Then I explained she would also be able to get a 25 year interest free mortgage repayable at source from her UBI at £80 a week and she said she would buy a boat with it.

So she’s actually better off financially anyway