Universal basic income is a growing part of America’s policy conversations, as lawmakers and economists look for ways to reduce poverty.
Popular among many Silicon Valley tech leaders and economic policy experts, the model offers participants recurring cash payments, no strings attached. They can spend the money however they choose.
Basic income has been piloted over 100 times across America, and even more around the world. Advocates say that the cash — which could give all households an income floor — could be a key to reducing wealth inequality and strengthening the social safety net .“What we’re doing is betting […]
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