The problem with “Universal Basic Income”

The problem with “Universal Basic Income”

Avinash Chandra (India), Early Figures, 1961. MANY economists have been advocating a universal basic income for India, an idea that was mooted even in the official Economic Survey for 2016-17. Of course the practical proposals towards this end have varied, some suggesting a common universal transfer to all persons below a certain income, and others suggesting a graded transfer depending on how badly off an individual happens to be. But the vision is of a society where every citizen has a certain basic minimum level of money income through appropriate government transfers which would give the person command over […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.