An end to poverty?

It's one idea, but paying for universal basic income is a big hurdle.


  • By Adrian Moore
  • | 6:00 a.m. August 3, 2018
  • | 0 Free Articles Remaining!
Given that major reforms of welfare and assistance programs, or big tax hikes on the rich are rarely seen and politically difficult, paying for a UBI is a big hurdle.
Given that major reforms of welfare and assistance programs, or big tax hikes on the rich are rarely seen and politically difficult, paying for a UBI is a big hurdle.
  • Opinion
  • Share

One of the hottest ideas for what to do about poverty, at least in intellectual circles, is a universal basic income.

It’s an old concept with some new twists, but the basic idea is the federal government would send everyone a regular check, regardless of how much they earn or their wealth. It would be like an idealized Social Security, a baseline amount for everyone to ensure a minimum standard of living.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content