In 2019, as the campaign season for the 2020 presidential election began, a record twenty-three people ran for the Democratic nomination. One of them was Andrew Yang, an entrepreneur and political novice with an unusual signature proposal : a universal basic income (UBI) program of $1,000 per month to all American adults, regardless of their well-being. After researching the concept extensively, Yang believed that the measure would largely pay for itself through increased economic activity, and the remainder could be paid for through tax increases affecting tax-dodging corporations such as Amazon and Uber.
Ultimately, most voters balked at an additional […]
Full Post at nationalinterest.org