2 Comments
The universal basic income (UBI) is gaining popularity as the alternative to the current welfare system. The idea is to give each citizen the same amount of money, no matter if he or she works or not. Therefore, unlike traditional welfare systems, the UBI has no means test, nor willingness-to-work test. Nobody would be then left without a livelihood even if there is no work for him. Doesn’t that sound great?
The problem is that the program must be financed somehow. Let us assume for simplicity that there are 250 million adult Americans and that each of […]
Full Post at mises.org