Shutterstock In recent years, a number of localities have been experimenting with providing a universal basic income , often referred to as UBI. In their idealized form, UBI policies would give every citizen a certain amount of guaranteed cash income with no spending restrictions. The theory is that this would reduce poverty, smooth income inequality and allow individuals more flexibility and security to gain more education or start businesses.
But however well intentioned these programs may be, they raise a lot of questions, not least whether they discourage participation in the labor force. And such plans are massively expensive. That […]
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