With apologies for taking the risk of upsetting LOTS of people………….
[Picking up Matthew Lynne's lead today]
This election campaign excels in spawning candidates – no, not for elected office, but for a prize in the Competition for advocating the worst GTEI (Genuinely Terrible Economic Idea).
The Green party has just come up with its plan for a “Universal Basic Income” (UBI) – a flat “salary” to be paid to everyone regardless of whether they work or not. In France, the Socialist presidential candidate Benoit Hamon promoted it strongly, to be paid for by a tax on robots (I swear I am not making this up!). John McDonnell, the shadow chancellor has spoken highly of UBI, as has Nicola Sturgeon of the Scottish Nationalists. All these geniuses have a highly developed taste for free money, as long as it’s someone else’s.
It joins the ranks of other policies such as price controls on energy companies and enforced fixed ratios for limiting executive pay.
There’s still time to enter!
After all, why should sheer idiocy remain the prerogative of the EU Commission? Only today it has unveiled plans for a eurozone fiscal union having its own treasury, with powers to “fight economic recessions and cope with shocks in hard hit regions” by using a new “stabilisation fund”. Simple!
All this will be set out in the Commission’s “Reflection Paper” next month. Why did it take them so long to think of all this?
No doubt, like all the manifestos, it will be “fully costed”! I can scarcely wait.
One huge advantage of the “ever closer union” philosophy underpinning all this folderol is that these unelected morons can be readily identified and kept “ever closer” in a suitable asylum.