Julius Malema wants South Africans to receive R4400 in social grants. But where does the money come from?
Gareth Cliff examines the economics behind the EFF proposal, South Africa’s growing reliance on social grants, the taxpayer base, government deficits, and the idea of simply creating more money.
This is a direct political commentary on whether the proposal adds up economically, and what happens when political promises collide with supply, demand, taxation and the limits of government spending.
If you care about South Africa’s economy, political accountability and free speech, this discussion breaks down the numbers and the arguments behind one of the EFF’s most controversial economic proposals.
Chapters
00:00 The R4400 Grant Proposal
00:27 Why The Promise Sounds Good
00:45 The Problem With Printing Money
01:16 Basic Economics
02:21 South Africa’s Grant Recipients
02:43 The Taxpayer Problem
03:36 Can Government Print Its Way Out
04:12 South Africa’s Shrinking Tax Base
04:25 The R4400 Question
04:49 The Border And Funding Problem
05:10 Why The Proposal Does Not Add Up
05:46 Supply And Demand
06:15 Economic Illiteracy
06:34 The Risk To The State
#southafrica #juliusmalema #eff #southafricanpolitics #economy #SocialGrants #politicalcommentary #freespeech #GarethCliff #economicpolicy #taxpayers #SAGovernment #truthreport
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