Australia has been able to handle the Covid-19 pandemic by keeping people at home and shutting down most of the economy. Now, with the virus cornered but not eliminated, we face the moral hazard of reopening in order to protect the government budget, while knowing full well that it will result in more Covid-19 deaths.
Is there an alternative? What is a Universal Basic Income?
A Universal Basic Income (UBI) is a periodic cash transfer to all adult citizens regardless of employment status. It is intended to ensure an unconditional basic minimum standard of living, thereby breaking with welfare stigmatization, […]
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