Universal Basic Income (UBI) is getting more popular as an idea. I have been writing about UBI in previous jobs behind paywalls, but I think I have to start writing about it here more often. In any case, let me give you a 30-second introduction. The idea of a UBI was originally was developed in the 19th century and then popularised by conservative economists like Milton Friedman in its related form of a negative income tax (NIT) for low-income households. In the early 1970s, a UBI law almost passed into law but was essentially stopped by the Watergate Scandal that discredited Richard Nixon who had pushed heavily for this idea.
UBI isn’t helping the poor
UBI isn’t helping the poor
UBI isn’t helping the poor
Universal Basic Income (UBI) is getting more popular as an idea. I have been writing about UBI in previous jobs behind paywalls, but I think I have to start writing about it here more often. In any case, let me give you a 30-second introduction. The idea of a UBI was originally was developed in the 19th century and then popularised by conservative economists like Milton Friedman in its related form of a negative income tax (NIT) for low-income households. In the early 1970s, a UBI law almost passed into law but was essentially stopped by the Watergate Scandal that discredited Richard Nixon who had pushed heavily for this idea.