The Universal Basic Income (UBI) was the topic of my other “ Contentious Issues in Classical Liberalism ” presentation. Here, at least, I can see the superficial appeal for the typical member of the Mont Pelerin Society . Unlike the conventional welfare state, the UBI doesn’t try to micro-manage human behavior. It doesn’t claim to know how anyone – no matter how poor – should live their lives. It gives bureaucrats near-zero discretion. And it preserves recipients’ marginal incentives to work. The UBI gives money to everyone, then lets the free market work.
What do these arguments overlook? For starters, […]
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