Universal basic income debate sharpens as observers grasp for solutions to inequality
“Myriad welfare programs currently employed by the government ‘lift more than 40 percent of Americans out of poverty, and instituting a universal income in our country would undermine that progress,’ he said.
A guaranteed paycheck would be an expensive proposition. In the U.S. alone, it could cost more than $3 trillion to distribute just a $10,000 annual income to all citizens, science and technology website Futurism said in a report recently.”