Barack Obama signals support for a universal basic income

Former President Barack Obama came out in support of an economic policy that is far to the left of anything being proposed by most sitting U.S. politicians.

While delivering remarks Tuesday at the 16th annual Nelson Mandela Lecture in Johannesburg, Obama appeared to endorse the idea of creating a universal basic income, the policy where the government grants citizens a minimum annual income to live on.

“It’s not just money that a job provides,” Obama said in a portion of his speech devoted to economic policy. “It provides dignity and structure and a sense of place and a sense of purpose. […]

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