What’s the big deal about basic income? The idea is not new. It has, I believe, evolved from the handing of/transferring of cash stipends to poor families.
This was preferred to the conventional approach of subsidising food staples such as sugar or by subsidising gasoline prices as part of the government’s indirect support to who cannot afford market prices. Then came the argument of whether monthly cash stipends would do, or if a certain family should receive a one-time big cash payment, which the family can use to, for instance, pay off debt and start a small business.
The monthly payment […]
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