In this article https://www.bloomberg.com/opinion/articles/2019-06-21/universal-basic-income-backers-harm-their-case-with-bad-arguments , Noah Smith outlines three arguments for UBI, dismisses two of them (automation and reform of welfare state) and concludes that the single best argument in favour of UBI is that: Basic income, unlike minimum wage and the earned income tax credit, provides money for those who are unable to work. In doing so, it doesn’t pay people not to work, because poor people’s benefits don’t decrease when people get jobs (at much higher income levels, the taxes needed to pay for UBI might discourage work, but that is a different issue). In other words, […]
Full Post at www.reddit.com