“The solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.” – Martin Luther King Jr.
(This blog post previously appeared in Common Weal’s weekly newsletter. Sign up for the newsletter here .) A new research paper has found that a Universal Basic Income sufficient to eliminate poverty across the entire EU would cost about as much as defence and, in some modelled scenarios, would cost less than the poverty it eliminated. In other words, bringing in a Universal Basic Income could cost less than the price we’re currently paying by […]
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