The idea of Universal Basic Income (UBI) has gained recent traction. It is no longer just a socialist idea, but can even be applied to capitalist form of economy. From US presidential candidate Andrew Yang to the World Bank , there are new theories and concepts about how to redistribute money for the benefit of society. This can come in different forms, but the main problem remains. How do you finance a UBI program that will truly work?
In its most basic form a UBI is ideally meant to deliver cash to people for immediate consumption. The money is taken […]
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