Free money from the government. It’s actually a serious idea. And Democratic presidential candidate Andrew Yang has dangled it like candy before voters.
Yang is a fan of “universal basic income,” which is a lump sum transferred by the government to every adult citizen, every month, with no strings attached. The idea is that people looking out for themselves will spend the money better than giant safety-net programs might allocate it, providing a buffer against poverty, job dislocation and people losing out in a tech-driven knowledge economy.
In theory, universal basic income would address worsening income inequality and provide money underprivileged […]
Full Post at finance.yahoo.com