We need to implement a Universal Basic Income
As we face a long period of economic uncertainty due to the impact of Covid-19 - with many businesses failing and mass unemployment looming - we need to restructure our economy to be fairer for all and resilient against future upheavals (such as the rise of Artificial Intelligence and Mass Automation). One aspect of this would be to implement a Universal Basic Income, a policy that has been tested across the globe and proven to improve well-being, job prospects and financial security. It could replace the majority of existing welfare structures, which are costly and punitive, and can be funded via progressive taxes (e.g. that target the super-wealthy and giant corporations).
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