Systemic, radical changes in the United States are now in the cards. You can feel it in the news and in the streets, even with COVID-19 acting as a damper on protests. But we haven’t had much discussion of what specifically these changes should be. We know—though mainstream economists still haven’t figured it out—that economic growth isn’t the answer: we have hit the limits to growth . We need a basic income: a guaranteed cash payment to all adult citizens sufficient to support a minimal lifestyle.
Now you’re probably saying to yourself, “OK, basic income: possibly a good idea. But […]
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