Universal Basic Incomes: The Latest Crackpot Idea From So-Called Progressives
U.S. already has about 80 means-tested welfare programs
By Merrill Matthews —— Bio and Archives--July 2, 2018
American Politics, News | Comments | Back To Full Article
WASHINGTON, D.C. — The latest liberal fad for reducing poverty and income inequality is called a “universal basic income” or UBI for short.
California Democrats have included a UBI provision in their state Democratic platform. And two California cities are implementing limited UBI pilot projects. Unfortunately, the idea is both unaffordable and won’t fix the low-income problem.
Under universal basic income, everyone from the poorest to the richest—that’s why it’s called “universal”—would receive a taxpayer-provided monthly income, perhaps $1,000 per month, or $12,000 per year. Welcome to CFP’s Comment Section!
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