hailed UBI in his Easter letter this year
The primary advantage of UBI is that it involves minimal to no targeting. Every citizen above a certain age will be entitled to cash aid. That’s as straightforward a solution to poverty as one could get. We also need not worry that the middle class isn’t getting any help. UBI could also streamline and harmonize the hodgepodge of social protection programs currently out there. Finally, UBI is in keeping with the Philippine government’sBut UBI will be obviously costly.
That’s about 2% of our nation’s income last year and more than fourfold the monthly budget for the ESP. A P10,000 one-time payout, closer to the 2018 poverty lines, will cost twice that., which could be considerable as the ESP showed us. They include, among others, the bureaucracy of drawing up a list of beneficiaries, the exclusion of poor households, and the confusion and stress of it all.
Di Ikaw magbigay ng free money kung May pera ka. Akala mo naman ganun kayaman ang Pilipinas.
Free money? We will all pay for these eventually...
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