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Basic income for all could lift millions out of poverty – and change how we think about inequality - Business Mellows
The idea of a basic income for every person has been popping up regularly in recent years. Economists, think tanks, activists and politicians from different stripes have toyed with the idea of governments giving every citizen or resident a minimum income off which to live. This cash transfer could either replace or supplement existing welfare payments. Pilot projects and feasibility studies have been run or are under way in the Netherlands, India, Canada, Finland, France and elsewhere. Even in the U.S., the idea finds support. Alaska, for example, already divides its oil revenues among its residents. Most arguments in favor or against basic...Read more