Last week, I shared Jeff’s post about UBI (Universal Basic Income). That post was Part I, and this week he has written Part II, which certainly provides us with some food for thought! Thanks Jeff!!!
It was nice to see House Speaker Nancy Pelosi admit in an interview yesterday that it might be time to start looking into a minimum basic salary for the American people. Her weighing in at this time tells us we might be ready for a real debate.
I began a discussion last week into what Universal Basic Income (UBI) is and what it could look like in the United States. Again, while there are many variations of such a plan, for the sake of our discussion here, I’d like to stick with the Andrew Yang version, which purports to give every American citizen a $1,000 per month stipend beginning at age 18, regardless of income.
Would such a plan work in America? It depends. UBI would represent a fundamental reshaping of how we deal with income inequality and the social welfare state. It would be a radical shift, and the…
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