A Scottish Citizens Basic Income could cost an additional £12.3bn a year Credit: Heathcliff O’Malley The idea of tackling inequality by paying all citizens a regular sum of money, irrespective of their financial situation, often referred to as a Universal Basic Income (UBI), is increasingly in vogue.
Touted as a way to boost consumer spending, and as a mechanism that could help redistribute the wealth created by machines as jobs are lost to automation, it is yet to be tested on a truly grand scale in a developed country.
But that might change, and soon. Nicola Sturgeon, Scotland’s First Minister, announced […]
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