OPINION: Universal basic income not a feasible cure to America’s economic inequities

OPINION: Universal basic income not a feasible cure to America’s economic inequities

During the 2020 presidential race, businessman Andrew Yang presented the idea of a universal basic income (UBI) during his candidacy. His plan was to provide a monthly stipend of $1,000 to every adult in the country. Yang has continued to advocate for guaranteed income, and the idea has piqued the interest of over local 30 governments — including Durham — as a part of the organization known as Mayors for a Guaranteed Income. Funded by Twitter CEO Jack Dorsey, the organization seeks to provide local governments the funding to experiment with the idea of basic income.

Durham Mayor Steve Schewel […]

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