When the subject of a universal basic income (UBI) comes up, people often give the same arguments: it will reduce poverty; it will make welfare more efficient by simplifying administration; and it will make labour fairer by providing an alternative to either starving or getting trapped in a cycle of low-paid exploitative jobs.
Critics tend to say that UBI will make people lazy by removing the incentive to work, that it’s useless because companies will simply pass on any loss in profits to consumers, or that the money just doesn’t exist for it.
Personally, I think that UBI would probably be […]
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