This week several proponents of Universal Basic Income (UBI) came to dinner. I have to admit when I first heard about Universal Basic Income – or the Basic Income Guarantee – I was skeptical. A minimum basic income for everyone? So no one has to work? I was dubious.
Before I get into why I was ultimately convinced we should seriously consider it, here’s how it would work:
Everyone gets a monthly allowance of, say, $1,000 (that number is up in the air so just using $1,000 as an example here). You’d get that $1,000 regardless of how much you make. […]
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