Monday, October 03, 2011

Benefits and costs of a GMI

At the request of the Welfare Working Group Treasury produced a paper about a GMI (Gauranteed Minimum Income - not Gareth Morgan's Indulgence). Here is the table summarising benefits and costs:



Clearly the costs outweigh the benefits. But no doubt we will be treated to another sales pitch for Morgan's Big Kahuna in this week's NZ Herald.

2 comments:

Maungakiekie said...

Tapu Misa's just been talking up 'The Big Kahuna' in her weekly Herald column. I've just written a short response to Tapu on my blog.

Brendan McNeill said...

Yes, the Herald seems to be in love with the idea. Apparently Gareth can do no wrong.