How a basic income grant could boost the economy
New report challenges the view that South Africa can’t afford a BIG
17 December 2023 - 06:21
A new report into a basic income grant (BIG) challenges the widespread view that South Africa cannot afford such a programme, suggesting that in fact it could boost the economy.
The report by Applied Development Research Solutions (ADRS) and the Institute for Economic Justice (IEJ), published this week, says a small wealth tax of 0.5% and a social security tax could fund a BIG for qualifying people between 18 and 59 without any need for hikes in income tax or VAT...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.