Why Universal Basic Income Would Be Good for the Economy

Sourced from https://www.thesimpledollar.com/financial-wellness/universal-basic-income-sees-rise-in-bipartisan-support/

A new survey from Hill-HarrisX has found that bipartisan support for a universal basic income (UBI) has risen. According to the survey, 55% of registered voters are in favor of a UBI system — up 12% from the 2019 survey.

Democratic and young voters saw the largest increases in support. 36% of Republican voters are in favor, along with 71% of Democratic voters and 56% of Independent voters.
The survey was conducted in August 2020, the same month that saw weekly unemployment claims spike to over one million.

Universal basic income is an economic policy that guarantees every adult a certain level of fixed income from the government. Like a social security payment, except for everyone who doesn’t meet a certain annual income amount. The cornerstones to UBI are that it is paid on a recurring basis, in cash payments, paid to the individual (not household), is universal (no specific population) and unconditional.

Essentially, it aims to create a wage floor that can help… Read More

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