A universal basic income paid at a flat rate to all citizens would fail to reduce poverty levels in advanced economies and require substantially higher taxes to fund its simplicity, the Organisation for Economic Co-operation and Development has concluded in a detailed study of the idea.
The prospect of swapping existing social support for a basic income has gained traction in countries as diverse as the US, Switzerland and France. Limited trials have started in Finland and the Netherlands although no country has decided fully to take the plunge.
Proponents of basic incomes argue that they would provide security for everyone […]
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