Universal basic income: the dangerous idea of 2016

The resurrection of universal basic income (UBI) proposals in the developed world this year gained support from some prominent Australians . But while good in theory, it’s no panacea for the challenges of our modern economy.

UBI proposals centre on the idea that the government would pay a flat fee to every adult citizen, regardless of his or her engagement in skill-building activities or the paid labour market, as a partial or complete substitute for existing social security and welfare programs.

Of the schemes run in developing places like Kenya, Uganda, and India, some have been evaluated statistically , delivering some […]

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