The Case Against a Basic Income (a left, democratic socialist critique)

A universal basic income would shore up the market. We need ideas that shrink it.

https://www.jacobinmag.com/2017/12/universal-basic-income-inequality-work

In her campaign memoir What Happened , Hillary Clinton wrote that the idea of a universal basic income (UBI) for all Americans “fascinated” her. Reflecting on her wholly uninspiring campaign, she explained that she wanted to include it in her platform but “couldn’t make the numbers work,” so she dropped the idea.She had planned to call it “Alaska for America,” referring to the Alaska Permanent Fund. Established in 1982, that program gives each of the state’s citizens an annual dividend from oil […]

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