ANALYSIS/OPINION:
Last week the government of Ontario, Canada, announced it was ending a pilot program to guarantee residents a universal basic income (UBI). The program, scheduled to run three years, had lasted just 15 months.
The concept of UBI is pretty simple. The government gives everyone money, with no strings attached. How much money? Enough to be meaningful, but not enough to discourage work.The Ontario experiment was a particularly generous version of a UBI. Eligible individuals could receive $17,000 (Canadian; about 13,000 U.S. dollars today) minus half of any earned income. A couple could receive $24,000. And people with disabilities […]
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