The idea of giving some, or all, citizens enough money to meet their daily needs was once decidedly fringe. Not anymore. Now, everyone is talking about universal basic income (UBI), including Silicon Valley, the media, numerous pundits, and even some politicians. Several large trials –particularly in Kenya, Canada, and Finland–began this year, and more are planned for 2018.
But is UBI actually a good idea, or is it an unrealistic, expensive pipe dream? Will it really “solve poverty,” as its fans claim, or will it just blow up the federal budget? Is it practical as a political matter? And, what […]
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