The Spanish government announced a Universal Basic Income that, under the name of “minimum vital income,” would redistribute part of the taxes collected, but this is generating controversy because of the possible adverse consequences.
“We are going to implement the minimum vital income as soon as possible,” announced Economy Minister Nadia Calviño on April 5, according to Spanish newspaper La Sexta.
The measure that was announced amid the crisis generated by the CCP (Chinese Communist Party) Virus would not only cover the duration of this health emergency but is projected as a permanent change.
“Let’s do it as soon as possible. To make it useful, but not just for this exceptional situation, and to make it last forever,” added Calviño, who also acts as vice president of the government and said that several ministries were in charge of implementing the project.
One of the concerns is that in order to finance it, taxes will be increased and then only a part will be returned, effectively taking more from the middle and upper classes and redistributing that wealth to everyone.
Vox’s president, Santiago Abascal, said, “[Prime Minister Pedro] Sánchez and [Second Deputy Prime Minister Pablo] Iglesias are a caricature of a Chavista government.”
He also argued that Sánchez lacks “a plan to put Spain out of its misery” and that “they have not felt like giving up on the Chavism that threatens private property,” according to Okdiario.
Economist Daniel Raventós estimate that “for the first member” of a household would receive 530 euros and then 50% for the rest of the members.
This minimum living income project was already part of Sánchez’s platform, who is also the general secretary of the Spanish Socialist Workers’ Party (PSOE).
Likewise, Secretary-General of Podemos Iglesias, views the approval of the minimum vital income as “essential.”
The Spanish government has not provided official data on how the minimum living income will be distributed or its amount.