Universal Basic Income – panacea or snake oil?

Universal Basic Income – panacea or snake oil?

Image: Getty Rory O’Kelly has his doubts on the benefits

The idea of a universal basic income (UBI), an unconditional regular payment made to everyone, is becoming increasingly popular on the left. This might seem surprising. However severe the obstacles facing people trying to claim current benefits there must surely be a solution which does not involve giving shedloads of public money to trustafarians and the trophy wives of oligarchs.

The UBI concept is however supported by an important perception. That is, that wealthy people already receive benefits through the tax system. The personal allowance in income tax has a […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.