As the news continues to deteriorate, I’m warming to the idea of some sort of temporary universal basic income (UBI), or at least a one-off universal cash payment, to help tackle the economic fallout from coronavirus. My opening bid is a handout of £1,000, Hong-Kong-style but with UK characteristics. If the crisis is over quickly, that would be it. If not, go again.
Crucially, the usual objections to UBI seem to be much weaker in the current circumstances. Any universal scheme would be expensive, but this version may only need to be a temporary measure, hopefully lasting just a few […]
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