This UNDP China report investigating the potential for UBI in China finds that the current system of subsistence allowances is more effective than UBI, due to subsistence allowances covering 53m people, whereas a UBI would need to cover 1.4bn people. A summary table 3-2 (p30) compares UBI and targeted poverty alleviation against a number of criteria. The report also includes a review of UBI pilots in other countries eg USA, Finland, India etc.
The authors take the view that UBI would have to be tax financed, stating that ‘general tax revenue will need to serve as the source of funding’ […]
Full Post at www.ubi.org