Presidential candidate Andrew Yang’s campaign has made implementing a Universal Basic Income (UBI) a consistent theme. He plans to pay every American citizen, regardless of socioeconomic status, $1000 a month. However, his plan raises questions about the viability of UBI, including how it will be financed, in addition to concerns of lost productivity.
There are roughly two hundred million American citizens over the age of 18 that UBI needs to cover, which equates to extracting an additional three trillion dollars from our economy to pay for UBI. Although this might seem unfeasible, UBI can actually grow the economy by $2.5 […]
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