Tuesday, September 10, 2019

Universal Basic Income–Combined With What Else? — Timothy Taylor

The major problem with a UBI is that it is a shotgun approach that is not addressed to a specific socio-economic need and it is insufficient to meet all socio-economic needs. The other issue is, cui bono? That is, for whose good? And how does that actually work? What happens if it is inflationary, as some economists have warned? If it is indexed, it becomes more inflationary. If it is not, the good it was supposed to do is undone.

Sounds good until you go to the spreadsheet.

Conversable Economist
Universal Basic Income--Combined With What Else?
Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

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