This is an excellent post outlining the pros and cons of a Universal Basic Income program. Perhaps after fighting this pandemic, we are ready to put a well-crafted policy in place!
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…
View original post 1,432 more words