A universal basic income works because it is universal

A universal basic income works because it is universal

The populist revolution responding to the coronavirus has been spearheaded by none other than Mitt Romney. The Utah senator embraced a $1,000 cash bailout to every adult in the country, to both help induce consumer demand among middle- and upper-income earners and help the basic bottom line for those who cannot make immediate bills.

Though his payment would be a one-time payment, it echoes the idea of universal basic income, which has been in the news thanks to its prominence in Andrew Yang’s presidential campaign. It is especially compelling during a time of pandemic precisely because it is simple. By […]

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