UBI— It's Not the Panacea It’s Advertised As
Do we need universal basic income? Some economists say we do. They claim that UBI—a taxpayer-funded minimum monthly payment with no strings attached—would reduce poverty and inequality; improve physical and mental health; and provide financial security so that recipients can earn a degree, launch a business, or care for family members. But we don’t have to take their word for it. A recent UBI experiment has given us some real-world results.
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