UBI is criticized as state-induced laziness and irresponsibility that kills initiative, hard work, entrepreneurship and enthusiasm among its citizens. By KR Antony
Projected as a panacea for the sufferings of the poor and the have-nots in India, the idea of universal basic income (UBI) is a prescription for disaster. Sugar coated as a pill of benevolence, it has a hidden agenda of diverting attention from the issue of poverty and its causes. Such agendas are crucial for governments to survive the test of general elections. Former Chief Economic Advisor Arvind Subramanian, while tabling Economic Survey 2016-17 in Parliament, had […]
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