The Adverse Economic Consequences of “Basic Income”

The Adverse Economic Consequences of “Basic Income”

When I first looked at the issue of “basic income,” back in 2013 , my gut reaction was deep skepticism. That’s because I feared many people would drop out of the labor force if they could live off government handouts (as illustrated by this Wizard-of-Id parody ).

It’s true that the c urrent amalgamation of welfare programs also discourages work and creates dependency , but a government-provided basic income could make a bad situation worse.

Especially if politicians didn’t get rid of other redistribution programs (a very realistic concern ).That being said, what’s the evidence, either pro or con?There was an […]

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