๐Ÿ‘ The Paradox of Universal Basic Income

Liked The Paradox of Universal Basic Income by Joi Ito (WIRED)
Touted as an elegant solution to the problem of poverty in America and the impending decimation of jobs by automation, UBI is a hot topic today in the โ€œsalonsโ€ hosted by tech and hedge-fund billionaires. The idea of UBI in fact is an old idea, older than me even: Either through direct cash payments or some sort of negative income tax, we should support people in needโ€”or even everyoneโ€”to increase well-being and lift society overall. Interestingly, this notion has had broad support from conservatives like Milton Friedman and progressives such as Martin Luther King Jr. On the other hand, UBI also has been criticized by conservatives as well as liberals.

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