We’re spending the month of October around these parts diving into politics and policy and how they affect our lives.
One policy idea that I’ve found intriguing in recent years is the Universal Basic Income. It’s a concept that has been laughed off as utopian in many circles but has gotten more and more traction among policy wonks lately.
I decided that an article on UBI would be an interesting and thought-provoking piece for the personal finance community. As I was doing my research, however, I came across a major problem.
A thorough look at UBI would require far more information than I could reasonably put into one article.
And so this article today will start a mini-series exploring the ins and outs of Universal Basic Income. Today we’ll cover the basics and the competing visions for UBI. The next few articles will dive deeper into the pros and cons, addressing concerns, and figuring out how to pay for it.
I’ve gone back and forth over the years with whether I support the idea. Over the next few articles I intend to give you all the pros and cons so that you can come to your own decision.
Whichever side you fall on, however, it’s time we start taking the idea of a Universal Basic Income seriously. Continue reading “Just Give Everyone Money”