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posted by Fnord666 on Saturday February 17 2018, @03:34AM   Printer-friendly
from the what-would-rivest-do? dept.

£10,000 proposed for everyone under 55

The government should give £10,000 to every citizen under 55, a report suggests.

The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) said it could pave the way to everyone getting a basic state wage.

The idea sees two payments of £5,000 paid over two years, but certain state benefits and tax reliefs would be removed at the same time.

The RSA said it would compensate workers for the way jobs are changing.

The money would help to steer UK citizens through the 2020s, "as automation replaces many jobs, climate change hits and more people face balancing employment with social care", the report said.

Royal Society of Arts.

Also at The Guardian and CNBC.


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  • (Score: 2, Insightful) by tftp on Saturday February 17 2018, @05:24PM (1 child)

    by tftp (806) on Saturday February 17 2018, @05:24PM (#639378) Homepage
    There was no personal credit of any kind in USSR. People bought what they had the money for. Nobody was burdened with unpayable loans that looked like a good idea at that time. The need for personal loans is mutually related to existence of personal products (cars, homes, divorces, education) that an average person cannot afford.
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  • (Score: 2) by The Mighty Buzzard on Saturday February 17 2018, @07:24PM

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday February 17 2018, @07:24PM (#639420) Homepage Journal

    You really might want to check into the economic history of the USSR before you go advocating for that path. I'm a big fan of people smart enough not to use credit but if you don't have a healthy supply of people who aren't smart enough then the credit will not be available when you eventually end up needing it; you'll just be proper fucked.

    --
    My rights don't end where your fear begins.