Low levels of welfare makes UBI expensive to implement in Singapore

Low levels of welfare makes UBI expensive to implement in Singapore

Photo of FOSG forum by Tay Kheng Soon At the Future of Singapore (FOSG) forum on the economic and social causes of poverty, a Finnish exchange student asked Yeoh Lam Keong, former GIC chief economist about his opinion regarding the Universal Basic Income (UBI) which is undergoing an experiment in Finland . Lam Keong said that the UBI is very expensive to fund and that he preferred basic income for the lower rungs of income earners. I did not have a chance to debate with him as the forum was closed after his remarks.

In the debate over the UBI, […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.