The UK wants business to send all the paychecks to the government and they will then deposit what they think people need into their bank accounts.
The scariest thing about the idea is that the CNBC reporter apparently doesn’t think it’s a bad idea. She lists a lot of potential problems. It would be expensive and a security nightmare. Her Majesty’s Revenue and Customs doesn’t have a good track record with massive systems. The system would be error prone. There’s even a mention at the end that someone thinks it’s not a good idea.
But not once does the article question the basic premise, that it’s the government’s money, not the employee’s.
Anyone else get chills from that?