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Economists of all stripes have for centuries advocated for universal basic income. Here’s why
Wednesday, February 20th, 2019
Now the UBI is back, supported by an unlikely coalition of allies: progressives eager to renew the “War on Poverty” and libertarian billionaires from Silicon Valley. This is paralleled by enthusiasm overseas… Perhaps there’s room for a grand compromise of the kind envisioned by Mill, Friedman, Galbraith and others: a universal basic income that brings the end of traditional welfare programs. But if UBI becomes yet another hybrid of welfare and workfare, history suggests it’s doomed to fail.
Tags: economy, featured, ideology, participation, poverty, standard of living
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