Due to the pandemic, the government is giving out $1,000 to all who qualify for it. This program is the equivalent of a temporary Universal Basic Income program. If Covid 19 continues, the Trump administration’s policy will more and more come to resemble UBI. What is the permanent version of this program? UBI has the advantage of simplicity: $12,000 per year to all, from the richest to the poorest. Even some erstwhile supporters of the free enterprise system have been taken in by the siren song of this proposal.
It is time, then, for a critical review of this initiative.
First, […]
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