WHY BASIC INCOME SEEMS TO BE THE BEST BET IN TIMES OF COVID-19
(A quasi-universal transfer, combined with a small increase in taxes on luxury items consumed or used by the wealthy, seems to be the best bet.) India is facing three crises at once—medical, economic and distributional. Unless wise and courageous policies are implemented, there will be a fourth—social violence. The spreading sickness and deaths from the coronavirus is obviously the immediate threat. India has done better than many countries so far, but the upward trend is ominous.
The second crisis is linked. The economic slowdown began […]
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