Is a basic income grant sustainable?

Is a basic income grant sustainable? Peter Attard Montalto weighs in on the topic on Radio 702′s ‘The Money Show‘ with Bruce Whitfield.

“Ultimately the issue on whether or not the basic income grant is sustainable comes down to politics,” says Attard Montalto. “To fund this you are taking money away from savings through tax, you’re going to have a negative impact on investments in the country. We have to consider a full equilibrium view. We have to consider the impact of funding the policy as well as what the money is used for once it is given to me.”