The idea of a universal basic income (UBI) has been getting a lot of
attention recently, sparked in part by the Swiss decision to hold a
referendum on the idea. A UBI differs from other income support policies
in that it provides a cash grant, large enough to meet basic needs of
living, to every member of society, regardless of other sources of
income.
The first post
in this series compared a UBI to other income support policies in terms
of effectiveness in reducing poverty, work incentives, targeting, and
administrative efficiency. The second post
argued that a UBI with a per person grant approaching current official
poverty thresholds would be affordable without increasing the federal
budget deficit, raising marginal tax rates, or radically raiding the
fortunes of the rich. This third post looks at the varying perspectives
of conservatives, progressives, and libertarians, explaining why there
are both supporters and opponents of a UBI in each camp.>>>Read more
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