What if the federal government gave everyone a check, every month?
Tesla CEO Elon Musk and Facebook CEO Mark Zuckerberg are among those who say universal basic income, or UBI, is a good idea. With inequality widening, the idea of an unconditional, periodic cash payment that the government makes to everyone has suddenly become a hot topic.
The idea is whether a person is unemployed or wealthy, a $1,000 monthly government check could replace all current welfare programs, including Social Security."I think it would theoretically be superior to the existing social welfare system," Michael Tanner, senior fellow at the Cato […]
Full Post at www.cnbc.com