Image: zizzybaloobah/flickr When former US Vice President Joe Biden recently slammed the idea of a ‘universal basic income’ (UBI), it must have sent heads shaking in every direction. Particularly among Democrats and people on the left side of politics who supported the Obama Administration, perhaps hoping a liberal in power would implement such an ambitious scheme.
It’s a controversial idea, which has received vocal support from all sides of the political spectrum, most notably the outspoken free market capitalist Milton Friedman, who referred to it as a ‘negative income tax’. Even former US President Richard Nixon flirted with the idea.
But […]
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