A Closer Look at Universal Basic Income

A Closer Look at Universal Basic Income

Universal basic income (UBI) is defined as “a periodic cash payment delivered to all on an individual basis without means test or work requirement.” [1] Although considered a radical proposal by some, historically, different forms of basic income proposals have been discussed by both conservatives and liberals in the United States as a means to alleviate poverty and simplify the federal welfare bureaucracy.

Conservative economist Milton Friedman expressed his support for a “negative income tax” to establish a minimum guaranteed income. Towards the end of his life, Martin Luther King advocated for basic income to achieve greater equality for the […]

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