Where a Universal Basic Income Was Successful

Where a Universal Basic Income Was Successful

Our story starts in 1795 in the English village of Speenhamland. Because the price of grain was rising, the local magistrates decided to give each man enough to buy 8 1/2 pounds of bread a week and 1 1/2 more for everyone else in his household. (If you had three children and a wife, you got a lot of bread.)

From there, we can leap to 1969 and Richard Nixon’s plan to give $1600 a year plus food stamps to families of four with no income. The Congress was not interested. More recently, we can go to Switzerland where, in […]

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