Work contributes to a meaningful life in addition to providing access to material necessities and luxuries.
The Federal government has issued three rounds of COVID “stimulus” checks and boosted unemployment benefits, first by $600 and now $300 per month. Is this the piecemeal start of a Universal Basic Income (UBI)?
Under a UBI (also called a basic income guarantee), the government pays all Americans every month, say $1,000. Many would more than pay this back through taxes.
Although I am a small-government libertarian, a UBI is attractive as a replacement for all current government assistance programs. Michael Tanner of the Cato Institute counts over 120 means-tested programs spending around $1 trillion, or over $20,000 for every American below the poverty line. The assistance our current system delivers costs a lot.
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