What are the disadvantages of universal basic income?

  • Con 1. Universal Basic Income (UBI) takes money from the poor and gives it to everyone, increasing poverty and depriving the poor of much needed targeted support.
  • Con 2. UBI is too expensive.
  • Con 3. UBI removes the incentive to work, adversely affecting the economy and leading to a labor and skills shortage.

Feb 25, 2021

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