Other Editors: Universal Basic Income hinders wealth creation

The latest Democratic presidential primary debate was largely predictable, but one little-known candidate, entrepreneur Andrew Yang, created some buzz with his pre-debate promise to do "something no presidential candidate has ever done before." Yang promised to give 10 people $1,000 a month for a year to reinforce his support for something known as Universal Basic Income. Despite all the hype, it’s much ado about very little.

The Universal Basic Income idea has been around for many years. It’s mostly touted by progressives who are eager to help the poor. In their view, poverty is caused simply by a lack of […]

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