If you had an extra $1,000 a month, what would you do?
It’s a question a lot of Americans started pondering after entrepreneur Andrew Yang proposed just that when he jumped into the 2020 presidential race.
Yang’s idea of a “freedom dividend” — a payment of $1,000 a month for all U.S. adults — lasted about as long as his candidacy. But the idea of a universal basic income (UBI), as it’s commonly called, is neither radical nor new. The principles behind the idea — periodic cash payments, with no strings attached — date back at least as far as Thomas […]
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