Laura Pennacchi Le Monde has good reason to claim that the idea of a “universal basic income” (UBI) or “citizen’s income”, which in these times of unrestrained populism is reappearing in Italy and France, is “a false good idea ”. The theory (an unconditional universal income guaranteed for all citizens of a given community) poses enormous problems of cost – we are speaking of hundreds of billions of euros – against the much more limited sum that would be required for “plans for the direct creation of jobs for young people and women” inspired by a “universal right to […]
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