The Case for an Arabian Universal Basic Income

Prof Steffen Horteg of LSE in this Proj Synd piece :

For now, a generous universal basic income remains unaffordable in Western countries. But in the oil-producing states of the Middle East and North Africa, some form of direct wealth sharing might be the only politically feasible way to reform bloated public sectors and avoid a long-term fiscal crisis.

… As oil prices have fallen and the number of working-age nationals continues to grow, Gulf States’ established welfare systems have become fiscally unsustainable. But public employment in particular has proved difficult to reform. Mass government layoffs are politically unrealistic. […]

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