While people will be more inclined to make art, write novels, and work less, the amount of needed goods in society will decline. Photo by Stephen McCarthy on Flickr Andrew Yang, 2020 Democratic presidential candidate, has revived the debate on Universal Basic Income (UBI) with his proposed “Freedom Dividend.” His plan is to offer an alternative to the modern means-tested welfare state with one simple program to pay $1,000 per month, or $12,000 per year, to every American adult over the age of 18.
Yang has already received a thorough response from Gonzalo Schwarz. Though Schwarz’s response contributes important insights—such […]
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