2020 Dems’ free cash handout plans to cost taxpayers billions

2020 Democratic presidential candidates have drawn interest and criticism for proposing a host of free services in the run-up to the election – including free medical care for undocumented immigrants – but a handful of them are promising to give out free money, too.

Tech entrepreneur Andrew Yang’s flagship policy, for example, is a universal basic income (UBI) plan, whereby he would guarantee every American over the age of 18 $1,000 per month.

According to a research paper written by two University of California, Berkeley, experts, a UBI program that would be vast enough to increase transfers to low-income families would […]

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