We wrote an article back in June of 2016 whereby we explored this idea of a “Government Guaranteed Income” or what has also been called “Universal Income”, “Basic Income” or “Universal Basic Income” (see: http://www.ascotadvisory.com/2016/Guaranteed-Income/ ). But for those of you unfamiliar with the term or the concept, the basic idea is that the government simply gives everyone over the age of 18 a monthly check for life. A supposed basic amount, say US$1,000 per month, or whatever amount they come up with or decide upon. Sort of like Social Security but for everyone, not just the retired. “Minimum […]
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