A basic income scheme would be far more beneficial than the federal jobs guarantee being promoted by Democratic leaders. The basic income would be cheaper, more efficient, more humane, more honest, more moral, and far more effective than a jobs guarantee.
Under a jobs guarantee, the government provides everybody a “job.” In a basic income scheme, the government simply pays people that meet certain criteria a specific amount of cash each month. A popular variation called the universal basic income (UBI) provides every citizen with a cash payment every month.
Basic income and the jobs guarantee have become popular lately because […]
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