Universal Basic Income: Pros and Cons

Universal Basic Income: Pros and Cons

It’s the start of a new month. You go online to check that your monthly allowance—Universal Basic Income (UBI)—from the government has entered your account.

Great! It’s there. You’re covered for the month. Whether you worked, whether you earned anything else, whether you have kids, whether you own any expensive properties or assets, everyone receives the same sum each month. Whoever wants to get up off the sofa is welcome to go and earn more, and whoever doesn’t want to, is welcome to stay.

Economists devised the Universal Basic Income model many years ago, and it finds support by both socialists […]

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