Good idea, will vote for the Green party in the next election. I'd like to suggest that:
(1) the income should be paid into a "liveable income guarantee account" at the Reserve Bank of Australia (RBA) and linked to an e-wallet of the beneficiary's choice,
(2) any issue over eligibility should be reviewed by a "jury of peers" vs public servant bureaucrats, and
(3) the RBA should be authorised to: (a) top up the "liveable income guarantee account" if the RBA wants to do "quantitative-qualitative easing", or alternatively (b) pay interest on outstanding balance if it wants to do "quantitative tightening".
Good idea, will vote for the Green party in the next election. I'd like to suggest that:
(1) the income should be paid into a "liveable income guarantee account" at the Reserve Bank of Australia (RBA) and linked to an e-wallet of the beneficiary's choice,
(2) any issue over eligibility should be reviewed by a "jury of peers" vs public servant bureaucrats, and
(3) the RBA should be authorised to: (a) top up the "liveable income guarantee account" if the RBA wants to do "quantitative-qualitative easing", or alternatively (b) pay interest on outstanding balance if it wants to do "quantitative tightening".
That's kinda weird. Tbh I have better performance at Reddit on my phone rather than PC.
Anyhoo, reading thru my housing affordability info lines. This may have some interest relevance for Australia situation.
https://fortune.com/2022/03/23/housing-market-interest-rate-economic-shock/
Not sure if anyone here is into the Reddit platform. Pretty vigorous discussion there last week.
https://www.reddit.com/r/AustralianPolitics/comments/tj3dov/the_greens_liveable_income_guarantee_is_a_serious/?utm_medium=android_app&utm_source=share