Who Really Stands to Win from Universal Basic Income?...


The New Yorker | 2018-07-02 09:00 UTC

Richard Nixon had originally intended that every poor family of four in America with zero income would receive sixteen hundred dollars a year (the equivalent of about eleven thousand dollars today), plus food stamps; the supplement would fade out as earnings increased. He sought to be the President to lift the lower classes. The plan died in the Senate, under both Republican and Democratic opposition, and the only thing to survive was Nixon’s late-breaking, Speenhamland-inspired fear of being seen to indulge the idle poor.

By Anonymous Submission on 2018-07-03 15:40 UTC
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