As US presidential candidate Andrew Yang continues to outperform expectations, his signature policy proposal, the Freedom Dividend or Universal Basic Income (UBI), is receiving increased scrutiny. Some of the criticisms are well warranted, while others are misconceptions based on a flawed understanding of how basic income would operate.
The following addresses some of the primary misconceptions regarding Yang’s plan. UBI is too expensive
The cost issue is one of the most persistent misconceptions about basic income.A basic income system would have a built-in clawback through the tax system. In Yang’s case, a portion of the clawback comes through the opt-in […]
Full Post at basicincome.org