Universal Basic Income Is a Moral Hazard | Opinion

Universal Basic Income Is a Moral Hazard | Opinion

In recent years, several countries, and more than a few municipalities in the United States, have experimented with universal basic income (UBI) under the assumption that unconditionally sending people a government check every month will reduce poverty, decrease income inequality, increase happiness, and allow people to pursue their artistic and creative endeavors without having to worry about working for a living.

Some, mostly on the Left, believe that a UBI is unavoidable, and needs to be implemented sooner rather than later given that automation, artificial intelligence, quantum computing, and other emerging technologies are revolutionizing the workplace and making many traditional […]

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