UBI: A shot in foot not a silver bullet

UBI: A shot in foot not a silver bullet

Last week, Twitter founder Jack Dorsey donated millions of dollars to a political campaign . But this dosh wasn’t for the presidential election, or any campaign for that matter. It was to push for the creation of a universal basic income.

Calls for a basic income are not new and have enjoyed support from both the left and the right. Andrew Yang, the internet-darling Democrat who banked Dorsey’s donation, made a $1000 a month basic income a centrepiece of his fight for the presidential nomination . Economist Milton Friedman famously extolled the virtues of a negative income tax, and the […]

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