Karl Widerquist A new study by QF partner Georgetown University in Qatar (GU-Q), has found that the cost of a universal basic income (UBI) program large enough to virtually eliminate poverty in the United Kingdom would amount to just £67 billion per year or 3.4% of gross domestic product (GDP).
The study, coauthored by Karl Widerquist, associate professor at Georgetown University in Qatar and independent researcher Georg Arndt, is titled “The Cost of Basic Income in the United Kingdom: A Microsimulation Analysis.”
The study determined the total cost of implementing a UBI scheme whereby each adult is given £7,706 and each […]
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