A concept that has been steadily entering the public consciousness in recent years is that of Universal Basic Income (UBI) and the similar (but not synonymous) Negative Income Tax and Basic Capital Grant. It is an idea that has fascinated me for some time, and though ( caveat emptor ) I am certainly no economist or public policy expert, I feel that I have read enough of the literature on the topic to have a reasonable understanding of UBI.
So what is UBI? Crudely, it is an unconditional ‘welfare’ payment granted to every citizen, regardless of their economic or social […]
Full Post at aparadoxicalmillennial.com