Suddenly, the idea that all citizens should be paid a basic income by the state is becoming topical across the world. While we associate this idea with the political left – the French Socialist Party candidate in the forthcoming presidential elections, Benoît Hamon, has made it the cornerstone of his programme – it also has traction on the right as being the way to rein in the increasingly unaffordable welfare state. How would it work? And how would it affect government finances, economic growth and employment? The Universal Basic Income (UBI)
Thomas More, John Stuart Mill and, more […]
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