The bill for a universal basic income would quickly mount into the trillions of dollars over a decade, making it an “unbelievably bad idea”, economist Simon Cowan says.
The Centre for Independent Studies research fellow modelled a number of theoretical options for a UBI and found them to be either “prohibitively expensive” or vastly inadequate for those unable to earn more than the basic entitlement through paid work.
The concept of UBI – a non means-tested stipend for every citizen – has supporters on both the left and right of the political spectrum; on the left as a path to poverty […]
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