Democratic presidential candidate Andrew Yang speaking at the Iowa State Fair in Des Moines, Iowa | Under the signature economic plan put forward by presidential candidate and tech entrepreneur Andrew Yang, everyone would get a Universal Basic Income (UBI) of $1,000 a month. It sounds like an egalitarian policy, but among progressives it gets mixed reviews.
On the one hand, such a policy would disproportionately empower the working class. On the other hand, a UBI could be inflationary and lead to more environmentally harmful consumption. But ultimately, by focusing on increasing consumer purchasing power, the policy proposes to improve the […]
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