Could a Universal Basic Income work in New Zealand?

A fascinating opinion piece in the NZ Herald penned by Emeritus Professor of Economics at the University of Auckland Tim Hazledine where he reveals his wish that New Zealand adopt a UBI – Universal Basic Income. He's suggesting 'a grand in the hand' a month. Everyone would get it, no targeting, no administrative fuss. It would not be enough to live comfortably on, but it would provides insurance against sudden misfortune, a start for savings and fund enterprise. Tim reckons our current spending on welfare would be plenty to fund a tax-free UBI of $1000 for every single adult New Zealand resident. Tim Hazledine joined Simon Barnett & James Daniels on the show. LISTEN ABOVESee omnystudio.com/listener for privacy information.