Philip Booth: Why the Universal Basic Income is a very bad idea

Philip Booth: Why the Universal Basic Income is a very bad idea

Philip Booth is Professor of Finance, Public Policy and Ethics at St. Mary’s University, Twickenham, and Senior Academic Fellow at the Institute of Economic Affairs.

There is strong support for the idea of a universal basic income right across the political spectrum. Advocates include the Greens, who proposed the policy in their 2017 manifesto, and John McDonnell. Some Conservatives and libertarians have also supported the idea. Milton Friedman proposed a variant of the basic income (though he would have applied it to households and so, in fact, his proposal would have been closer to my proposed reforms outlined below). […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.