Basic Income : a Bad Idea ?

Today , Rahul Gandhi is expected to release Election Manifesto of Congress Party

Among the umpteen untenable schemes , it will promise Minimum Income Guarantee Scheme

Elsewhere , known as Universal Basic Income [  UBI  ]

It may turn out to be a Bad Idea

It would appear so from the following news :

CANADIANS SUE ONTARIO FOR CANCELING ITS BASIC INCOME TRIAL 

Highlights :

·          In April 2017, Ontario, Canada, announced plans to launch a basic income experiment.

·          It was supposed to last for three years, but Ontario canceled it after just one — and now several of the project’s participants have filed a class-action lawsuit against the province for the hardship that early cancellation has allegedly caused them.

·          One woman, Harley Worden, saw her income double through the project, which led to her signing a lease on an apartment she can no longer afford

·          Doyle Hillion, meanwhile, claims in the suit that she will no longer be able to pay the tuition for a broadcasting program she enrolled in after finding out she’d be a part of the basic income project.

·          The lawsuit alleges that other participants have reportedly suffered “mental distress” and “psychological injury” due to the program’s early cancellation

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If UBI is proving to be a BAD idea for Ontario , it could be even a WORSE idea for India

Here is why :

[  A  ]   Resources needed

Ontario experiment covered only 4000 persons , offering Rs 72,300 per month to each ( Rs 34.7 Cr in all per year )

Minimum Guarantee Income Scheme of Congress will cover 5 cr families

And each family will get Rs 6000 per month

The scheme will cost around ₹3,60,000 crore or about 1.8 per cent of the GDP.

[ B ]   Long Term effects

Here is what I wrote on 20  Jan  2017  [  Universal Basic Income   ] :

*    I think the proposed Universal Basic Income scheme will not solve the problem . It

       may even worsen the situation by institutionalizing a " DEPENDENCY CULTURE " among the

  

       recipients , who will forever  look up to the " SARKAR MAA BAAP " to feed them !

      There is a danger that , in order to continue receiving the monthly DOLE , the recipients

      may never make any effort to rise above the POVERTY LINE !

      Any amount of money received under UBI Scheme will get spent , and never " Empower /

      Equip " the person with " Knowledge / Skills " to earn his own living and rise above

      poverty line

[  C  ]   Corruption  /  Litigation

In order to stay “ eligible “ to receive this dole , poor people will need to bribe the “ Poverty Certifying Authority “ for their low income certificate . Year after year !

Those who fail to get such certificate ( may be ONE CRORE persons ? ), may even file court cases

There will be plenty of organizations which will fight these PIL on their behalf, without charging any fees  !

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What should be an alternate / better scheme that BJP should include in its Election Manifesto ?

This is explained in detail at :

What will win the War ?      [   26  March  2019  ]

Dear Shri Amitbhai Shah,

I hope you will find time to read this email

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02  April  2019

Rsvp :  hcp@RecruitGuru.com