As the coronavirus pandemic continues to pummel the U.S. economy, causing a heightened financial strain on U.S. households, the argument for a universal basic income (UBI) has been gaining traction.
In fact, legislation introduced in the House of Representatives in April 2020 proposes a UBI payment for up to 12 months in the wake of the coronavirus pandemic. The payments would consist of at least $2,000 a month for individuals age 16 or older who earn less than $130,000 a year, and $4,000 each month for married couples who earn less than $260,000 annually. The proposal also includes $500 per […]
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