Universal Basic Income (UBI), is certainly a popular panacea right now. Most of the progressive websites have featured sympathetic articles on the topic, usually combined with worker-owned collectives as the "socialist" alternative. The UBI (or Citizen’s Income) should be relatively a cheap reform. For those in work, it turns into a tax rebate, up to the value of the citizen’s income. Anyone paid enough to pay more tax than the income would then subsidise the unemployed. The state then abolishes all other welfare benefits, since the citizens’ income gets declared to be enough to live on (and it would […]
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