The false promise of UBI proposals

The false promise of UBI proposals

Mayor Eric Garcetti speaks to the press from Baldwin Hills Crenshaw Plaza vaccine site in Baldwin Hills on Thursday, April 1, 2021. (Photo by Brittany Murray, Press-Telegram/SCNG) The newest thing in government programs is the “universal basic income,” described by advocates as unconditional cash payments to fight poverty and help lower-income residents thrive.

A problem that immediately becomes apparent is the one identified by British Prime Minister Margaret Thatcher. You eventually run out of other people’s money.

To extend “eventually” as long as possible, proponents have so far tried only limited pilot programs. Los Angeles Mayor Eric Garcetti has proposed a […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.