Yesterday the news broke that Alderman Pawar wants basic income in the city of Chicago. This is a horribly misplaced idea. Interestingly, on the same day, former President Obama made a speech endorsing the idea of a basic income for everyone.
Let’s disregard the fact this is a socialist policy reminiscent of failed nations across the world. Let’s also ignore that the US has many large government transfer payment programs that assist the less fortunate. The cost is 65% of the federal budget, and growing.
Instead, let’s think about the core of the issue. What’s the problem that is being solved?Fear, […]
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