PaulaConnelly / Getty Images In Alaska, every eligible resident gets a regular cash payment from the government that they don’t have to work for and that they can spend however they want — no strings attached . It’s been that way since 1982, the inaugural year of the Alaska Permanent Fund. It’s America’s only true example of universal basic income (UBI), a policy that some businesspeople, politicians and economists want to institute nationwide. UBI proponents have mostly noble intentions — reducing income inequality, alleviating poverty and softening the impact of jobs lost to automation. But the policy’s opponents are […]
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