If a basic income grant means tax hikes, the economy will suffer
We can't go BIG until we've properly determined all its effects and the consequences of the various ways of funding it
06 February 2022 - 00:00
The debate over a basic income grant (BIG) is becoming as intense as it is misguided. One of the blunders is to blame “capitalism” for our unemployment and poverty crisis. The reality is that SA has never had a free-market economy in which the market can solve these problems. More importantly, the primary reasons for our dire economic plight are being presented to us in stark detail in acting chief justice Raymond Zondo’s reports...
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