What does an Ivy League educated, Taiwanese-American entrepreneur have in common with an Italian-born, millennial college drop-out? Both head political movements whose popularity is built upon the promise of automatically putting extra cash in your bank account every month, ostensibly to boost the purchasing power of the most economically vulnerable families.
U.S. presidential candidate Andrew Yang and Luigi Di Maio, head of Italy’s populist Five-Star Movement, are both big believers in the notion of every eligible citizen receiving a universal basic income—or, as Yang calls it, the “freedom dividend.”
There’s nothing new about national basic income proposals. The idea first […]
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