S. African nigger leaders want 'Basic Income' but worry the white tax mules that will pay for it will flee

[Whitey Ford]

S. Africa Basic Income Grant May Push Emigration, Study Says

Implementing a basic income grant in South Africa, which has been ranked as the world’s most unequal nation, would slow economic growth and likely lead to the emigration of taxpayers, Intellidex said in a study.

South African President Cyril Ramaphosa and Social Development Minister Lindiwe Zulu have said the measure -- which would be the biggest of its kind globally if implemented -- should be considered to alleviate poverty. Business organizations have cautioned against it, saying it’s unaffordable.

Borrowing money to finance the payment, which depending on its structure and level could cost anything between 20 billion rand ($1.2 billion) and 2 trillion rand a year, is unfeasible given the state of South Africa’s finances, Intellidex said in the July 22 report. That leaves higher taxes as the sole way of raising the money, the group said.

South Africa’s taxes are paid by a relatively small number of people and companies, while its personal and corporate tax rank as the 24th highest out of 118 countries assessed by the OECD. Most of the proposals for a basic income grant would necessitate raising between 50 billion rand and 100 billion rand a year, the research group said.

More than half of South African households already get some of welfare payment and the country is ranked as the most unequal, for which data is available by the Thomas Piketty-backed World Inequality Lab.

Business Unity South Africa, the biggest business group, warned against the imposition of a basic income grant in a separate release.

“An unaffordable basic income grant, or one that undermines our very fragile growth path will be self-defeating,” it said.

https://www.msn.com/en-us/money/othe...9177d32b20ff7f

[Kagman]

Niggers are nothing if not consistent.... The common denominator is the obvious... And it MOST CERTAINLY IS NOT POVERTY...

It's worthless, greedy niggers who take and never ever contribute.... From one end of the earth to the other... Niggers are the same.... GIBS-ME-DAT!!!!

[I aint bin dun did dat!]

Niggers are nothing if not consistent.... The common denominator is the obvious... And it MOST CERTAINLY IS NOT POVERTY...

It's worthless, greedy niggers who take and never ever contribute.... From one end of the earth to the other... Niggers are the same.... GIBS-ME-DAT!!!!

Exactly and people turn a blind eye to it. Everywhere they inhabit, they commit disproportionate amounts of all kinds of crime. They are overrepresented in any form of welfare/gibs. After the resources dry up, whitey is to blame. All day, every day. How fucking exhausting.

[Kagman]

[SC Anemia]

Borrowing money to finance the payment, which depending on its structure and level could cost anything between 20 billion rand ($1.2 billion) and 2 trillion rand a year,

Borrow from who exactly? This sounds like the financial equivalent of volunteer vs 'voluntold'.

[jenkemfactory]

No shit nigger genius africanus. These ape shits are so lazy.

[Socialism_is_terrorism]

NIggers and civilized society, that simply does not work together. Their abilities ends with mud pies and mud huts. It is simply not possible to uplift them!

Liberals ruin everything, they are the root of the problem. Even in SA, the western libtard countries forced SA-Whites to let niggers destroy a once wonderful and prosperous country. Now we follow suit. Japanese and Chinese people think we are absolutely nuts.

[tweakstick]

It won't be as simple as African YT's paying the bill for ̶u̶n̶i̶v̶e̶r̶s̶a̶l̶ ̶b̶a̶s̶i̶c̶ ̶i̶n̶c̶o̶m̶e̶ gibs me dat. It will very soon be a one world currency with everyone on the planet getting UBI and the world government deciding who gets to keep anything after the fines for personal behavior rack up. This will all be in the same form as China's social credit scoring system.