Giving money to every American – no strings attached – sounds like a parody of liberal governance. But the policy, once proposed by Richard Nixon and suggested by colonial pamphleteer Thomas Paine, is gaining traction among a unique coalition of thought leaders, Silicon Valley executives, and politicians from across the ideological spectrum. This concept, known as the Universal Basic Income or UBI, is seen as a possible answer to a range of pressing policy conundrums: financial instability, a coming wave of unemployment driven by automation, and climate change spurred by greenhouse gas emissions.
Many have raised concerns about the potential […]
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