Andrew Yang dropped out of the presidential race in early February, and with him went his promised “freedom dividend” – universal basic income.
Universal basic income is an idea that has spanned centuries, been proposed in one format or another by public figures ranging from Martin Luther King jr. for Milton Friedman for Mark Zuckerberg. At its core, the idea is that the government provides a minimum income to those who qualify to lift them out of poverty, protect them from automation, or compensate for their unpaid work.
Some propose that “those who qualify” are everyone, others suggest that it is […]
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