CON: It’s a wildly unaffordable $3 trillion a year — if implemented in all states

CON: It’s a wildly unaffordable $3 trillion a year — if implemented in all states

By Merrill Matthews, Tribune News Service

Jun 29, 2018 at 12:01 AM

(Note: The writers are answering the question: “Are universal basic incomes an idea whose time has come?”)WASHINGTON — The latest liberal fad for reducing poverty and income inequality is called a “universal basic income” or UBI for short.California Democrats have included a UBI provision in their state Democratic platform. And two California cities are implementing limited UBI pilot projects. Unfortunately, the idea is both unaffordable and won’t fix the low-income problem.Under universal basic income, everyone from the poorest to the richest — that’s why it’s called “universal” — would […]

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