Here’s what happened when Iran introduced a basic income

Here’s what happened when Iran introduced a basic income

In recent years, spurred by advances in workplace automation, researchers and industry titans like Elon Musk have espoused the necessity of a universal basic income, payments made by the government to all citizens regardless of their employment. The general idea started picking up steam from a policy perspective in the 60s, when Milton Friedman proposed a negative income tax which would guarantee all Americans a minimum income. Proposals for a basic income generally receive familiar pushback from opponents, who say giving people free money will disincentivize them from working.

In 2011, in response to heavy cuts to oil and gas […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.