It is an ideal and simple idea that, if we give everyone a monthly stipend, we will be able to eradicate poverty and eliminate the shortcomings of the flawed American “welfare state”. Minneapolis is the latest city to experiment with Universal Basic Income. It will provide $500 a month for 18 months to 150 of its low-income residents, with no restrictions on work or spending.
But some worry that it’s not that simple. A universal basic income can be costly to the public budget, and it may discourage people from working, which inadvertently increases inequality and social instability. And […]
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