Unconditional Basic Income: An Economic Perspective

A wide range of public figures from the social sciences, politics and business have proposed paying every citizen a fixed amount of income without means testing or work requirement. The idea is fascinating. Most recently, a widely reported crowd-funding initiative from Berlin collected €12,000 to finance one year’s worth of unconditional basic income for a randomly selected individual. After introduction of a UBI, every citizen would be entitled to a payment of maybe €1000 per month , however, there would be no social insurance payments based on unemployment, job-seeking or need. Most basic income proposals include financing through a […]

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