An extensive study published by the National Bureau of Economic Research concludes that universal basic income, the government gifting of taxpayer dollars, doesn’t have the effect that proponents of forced re-distribution of wealth would have hoped for. In fact, the opposite is true.
A universal basic income promises a government guaranteed income which is supposed to improve the economic situation of those receiving the money, typically median or lower income families. The study, however, demonstrates that over time, recipients will work and earn less. Instead of increasing income, human nature kicks in and shows that if someone receives a free […]
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