In 2019, a little-known businessman and entrepreneur named Andrew Yang ran for president. Most commentators and media outlets were quick to dismiss him, noting his lack of experience in politics and the oddness of his signature economic proposal: the “Freedom Dividend,” a monthly $1000 check to all adult Americans.
The Freedom Dividend was a variation on the idea of “universal basic income,” a scheme under which all residents of a certain area – a city, a state, or a nation – receive a certain baseline amount of money. Pilot programs for cash payments have been practiced elsewhere, in cities (Stockton […]
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