America’s Real-Time UBI Experiment? A Failure

America’s Real-Time UBI Experiment? A Failure

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Universal basic income ( UBI ) is not a new concept. The idea of money for nothing has been journeying across the globe for centuries. In the 16th century, a basic income had been recommended to prevent the impecunious from stealing. The great philosopher Thomas Paine suggested guaranteed cash for young people in their 20s. Throughout the 20th century, multiple states, from New Jersey to Iowa, experimented with UBI. In the years before the COVID-19 public health crisis, a basic income guarantee had generated substantial momentum. In the aftermath of the […]

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