A universal basic income is less attractive if it needs to be paid for

I thought Andrew Yang’s political campaign might mark Peak UBI . First, the rest of the Democratic field seemed dismissive . Second, it seemed strange to call for a massive, new, and untried social program at a time of record low unemployment. Third, there really wasn’t much evidence that robots were about to take all the jobs, as Yang argued.

Then came the coronavirus. Hey, as long as the government is cutting $1,200 checks because of the shutdown-affected economy, maybe it can, you know, just keep on sending them. Like, forever. Or so argued UBI supporters. As Yang said back […]

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