The Basic Flaw in Spain’s Basic Income Plan

The Basic Flaw in Spain’s Basic Income Plan

As reported on CNBC, “Spain is deploying a basic income to citizens to ease the coronavirus impact.” However enticing, some people say it is “an incentive to stay home without work.” The program is not intended for everyone, but rather to give the least earning and the unemployed a safety net that will guarantee their ability to provide for their basic needs.
I fully agree that in a reality of high, and growing, unemployment, it is necessary to provide a basic income to everyone. However, doing so without anything in return is a recipe for disaster. It is not […]

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