Universal Basic Income: A concept which time has come?

Universal Basic Income: A concept which time has come?

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The pedigree of the Universal Basic Income concept, which means that all citizens receive a basic subsistence level of income irrespective of their personal circumstances (employed or unemployed), is a long one.

Thomas More’s ‘Utopia’ (1515) proposed a guaranteed basic income as early as the 16th century while Tom Paine’s ‘Agrarian Justice’ (1797) also envisaged a basic income for all citizens, paid for through a one-time inheritance tax on landowners. A century later the American economist Henry George also called for a similar device to tackle poverty. The 1960s saw another revival of the concept in […]

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