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by brilliantcode 3424 days ago
The bigger question is how they will fund this. India is know for the capital flight. Rich people aren't paying taxes in India so the government doesn't have much money to spend on social welfare. Unless I'm wrong here? I'm not too familiar with India so please excuse any cultural ignorances.
3 comments

The argument for direct cash transfers (not really UBI, but a predecessor of sorts) was that, there are already millions being spent on subsidies and other welfare schemes, and only a small percentage of them actually reach the needy.
I wonder if the plan here is to create a market by creating consumers. If enough consumers are present and the govt requires companies to invest money in building industries in India, in order to serve those consumers, they can probably speed up development. Where do they get money? "Quantitative easing"
They simply redirect funding from existing welfare scheme to this type of scheme, particularly the least enforced, most corrupt and inefficient scheme.

A UBI would be much easier to audit. Your problem might be identity theft or the creation of entirely fictitious person.