gettyimagesbank Basic income is not a ‘panacea’ but worth considering
By Lee Yeon-woo
"It is one of the most completely ridiculous ideas I have heard in a long time," said the former Finance Minister of Iceland, Bjarni Benediktsson. The former Prime Minister of New Zealand John Key called it "barking mad."
They are not talking about a miracle cure or the imminent danger of an alien invasion. These descriptions ― whether "crazy," "utopian" or "highly questionable of its feasibility" ― all point to one concept: Universal Basic Income (UBI).
According to the Stanford Basic Income Lab, UBI is a […]
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