Universal basic income: the dangerous idea of 2016
- Written by Gigi Foster, Associate Professor, School of Economics, UNSW Australia
Proponents of the universal basic income overlook its potential to be a reverse Robin Hood scheme.Ibai/Flickr, CC BYThe resurrection of universal basic income (UBI) proposals in the developed world this year gained support from some prominent Australians. But while good in theory, it’s no panacea for the challenges of our modern economy.
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