July 15, 2020; New Yorker
Sometimes, the simplest government benefits work best. Part of the attraction of universal basic income (UBI) is that it provides cash, which allows recipients to use the benefit as they choose, with no justification required for how they spend the money. This may sound unusual for a government social program (except, of course, Social Security); on the other hand, this is standard practice for the government tax breaks (tax expenditures) that routinely benefit the wealthy, such as the mortgage interest tax deduction or the reduced tax rate that capital gains earners receive.
As NPQ has […]
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