Intuition is wrong when it comes to calculating the true cost of basic income – the UK can easily afford it.
By: Karl Widerquist —
Universal Basic Income (UBI) – a policy that would provide a regular, cash income to every citizen without means test or work requirement – is surprisingly inexpensive. The United Kingdom could introduce a full UBI (one large enough to live on) for just £67 billion per year or 3.4% of Gross Domestic Product (GDP), according to a study Georg Arendt and I recently completed .Attention to UBI in the United Kingdom has increased substantially as […]
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