How would you like to live in a society that gives every citizen a guaranteed minimum income for their entire adult life? This is the essence of what is called Universal Basic Income (UBI), and it is a hot topic among western economists and governments. Andrew Yang, who ran for President of the United States in 2020, made UBI the basis of his campaign, and Dutch economist Rutger Bregman has spread the gospel of UBI around the world. Those who favour this concept say that it is the best way to reduce income inequality and provide for those who […]
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