The intent for an income guarantee is laudable. We all want to see people do well, particularly the most vulnerable. But will the results be those that are intended?
To me, there is a fundamental problem with the concept. Income guarantees address the symptom of poverty, not the causes.
Perhaps a fable will illustrate this point.
Once upon a time, in a place not unlike our own, there was a medical clinic. It had many doctors and nurses but there always seemed to be unmet needs; people waiting, maladies untreated.
The administrator of the clinic took note that there […]
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