The Rest Is Money
91. Should everyone get free money?
Sep 8, 2024
Dive into a lively debate about Universal Basic Income and its potential to ease economic struggles. Discover the complexities of tax reforms and the need for better services to support living wage workers. Explore how AI might disrupt jobs and why UBI could be a safety net for the future. Enjoy a humorous exchange on music tastes, with a friendly rivalry between Blur and Oasis. Finally, uncover the controversies surrounding Ticketmaster's pricing practices and the impact on fans. It's a mix of serious insights and lighthearted banter!
38:01
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Quick takeaways
- The discussion on Universal Basic Income highlights its potential to counter economic disenfranchisement, despite significant financial feasibility concerns for national implementation.
- Concerns about dynamic pricing in concert ticket sales illustrate the broader issues of fairness and transparency within capitalist market operations.
Deep dives
The Challenge of Low Pay
Addressing the issue of low pay and economic disenfranchisement, the discussion revolves around the proposal to raise the personal income tax allowance to approximately £20,000. While the idea aims to alleviate tax burdens for those on livable wages, it would require significant fiscal resources, with estimates suggesting an annual cost of over £50 billion. Such a drastic increase would necessitate either raising other taxes or cutting public spending, both of which present challenges in the current economic climate. Furthermore, past experiences have shown that altering tax thresholds can lead to behavioral changes that undermine revenue predictions.
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