Do we need universal basic income?
Some economists say we do. They claim that UBI — a taxpayer-funded minimum monthly payment with no strings attached — would reduce poverty and inequality; improve physical and mental health; and provide financial security so that recipients can earn a degree, launch a business, or care for family members.
But we don’t have to take their word for it. A recent UBI experiment has given us some real-world results.Nineteen counties in Texas and Illinois tested a UBI program that provided an unconditional $1,000 check every month for three years to a group of lottery-selected individuals. […]
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