Economic expert: Guaranteed income programs “either very expensive or very stingy”

Economic expert: Guaranteed income programs “either very expensive or very stingy”

Ellenberg and Cortese’s basic income pilot program for unhoused high school students will launch next summer. Many advocates against homelessness are cheering, but Third Way’s Rachel Minogue says to hold our horses—and actually look at the numbers. Considering the wads of cash needed to sustain these programs to make an impact (SCC’s shelling out $3 mil), other important targeted county interventions are cut.

UBI is incredibly expensive

The numbers speak for themselves: UBI is either very expensive or very stingy. The progressive version of UBI is expensive to the point of impossibility, while the conservative version is penny-pinching […]

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