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Problems with Yolanda Díaz’s Proposal for “Universal Inheritance”

Reproaches from the Government

Díaz defends himself on Twitter

Only 5 ministries have a higher budget

More problems with math

Yolanda Díaz, leader of Sumar, does not get the accounts when multiplying the “universal inheritance” by the number of beneficiaries

One of Sumar’s star proposals for the 23-J elections is the implementation of a “universal heritage” for young people, which consists of providing grants of €20,000 to all young people who turn 18, with the aim that this money helps them to undertake or train. This measure was announced by Yolanda Díaz last Sunday during an interview with the newspaper The world, in which he assured that, according to his calculations, the annual cost of this initiative would be around 8,000 million euros. However, if we look at the INE data, in Spain there are 494,543 people aged 17, which multiplied by the 20,000 euros proposed, gives a result of 9,890 million euros, almost two billion more than those calculated by the team of the current Minister of Labor.

Reproaches from the Government

The first criticisms of this measure have not been long in coming, the most striking has been that of Nadia Calviño, Until now, Yolanda Díaz’s partner in government. The Minister of Economy has questioned Sumar’s promise considering that this is not an adequate model, since This aid does not have an income criterion. In other words, the €20,000 would be awarded to both young people from low-income families and those from affluent and wealthy homes. In addition, Calviño has urged Díaz to provide a explanation of how this proposal would be financed.

Díaz defends himself on Twitter

After the commotion generated, the Minister of Labor has manifested itself through Twitter, creating a thread explaining that the proposal states that young people They will acquire the right to access the “universal heritage” when they turn 18. At that time, a counseling office will be provided to support them. The payment of the 20,000 euros will be made when they turn 23, after you have gone through this counseling process. Consequently, according to Yolanda Díaz, those who are 23 years old or younger in 2023 will also be able to access this aid. On how it will be financed, the leader of Sumar has explained that it will be done through a new tax known as “Tax on Great Fortunes”which according to her, will make it a redistributive measure that will reduce inequality between the richest and poorest families.

Yolanda Díaz, leader of Sumar, does not get the accounts when multiplying the “universal inheritance” by the number of beneficiaries

Only 5 ministries have a higher budget

The cost of almost 10,000 million euros associated with this proposal is only less than the budget of five ministries, which are the following: Inclusion, Social Security and Migrations (35,977 million euros); Defense (12,825 million); Transport, Mobility and the Urban Agenda (12,269 million); Interior (10,501 million); and Ecological Transition and the Demographic Challenge (10,371 million). This implies that the measure proposed by Yolanda Díaz would have a cost higher than the budget of 17 ministerial portfolios, including that of the Ministry of Labor, led by the leader of Sumar herself.

More problems with math

Yolanda Díaz is not the only political leader who has found it difficult to make calculations in recent weeks. You have to remember that Feijóo also had a difficult time when multiplying during an act in Barcelona last Monday. In his statements, the PP candidate stated that Spain should be one of the three fastest growing economies in the European Union and that by the end of the next legislature it should reach 22 million Social Security affiliates. However, the way in which he expressed himself generated some confusion: “This rule of two, well, instead of two it’s 22, but it’s still two. And it’s two times ten.”

Yolanda Díaz, leader of Sumar, does not get the accounts when multiplying the “universal inheritance” by the number of beneficiaries

2023-07-04 12:05:17
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