SINGAPORE - Give all Singaporeans a universal basic income for the duration of the coronavirus crisis, to assure them that their basic needs will be met even if they lose their jobs, said Nominated MP Walter Theseira.
Instead, the scheme will be funded by a temporary personal income tax increase of 4.25 per cent. Taxes will only be paid next year, when the economy is expected to have recovered. He worked with Dr Ong Qiyan, deputy director of research at the National University of Singapore's Social Service Research Centre, on the proposal.
It will also make it easier for the public service to administer the scheme, allowing them to prioritise other aspects of tackling the crisis. The scheme would provide a financial buffer for those with dependants, as well as those whose incomes take a sudden hit because of the crisis.
No. just no.
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