A Look at Andrew Yang’s Universal Basic Income Proposal In 1795 England, in a town called Speenhamland, the rising price of grain made it impossible, even for those who were employed, to feed their families. The magistrates decided to try an experiment which would, theoretically, prevent many from starving while at the same time keep the economy moving. All citizens of Speenhamland, they decided, would receive a regular income regardless of whether they worked or not. The size of their payments would depend on the size of their household. A man would receive enough money to buy around three […]
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