The Adverse Economic Consequences of “Basic Income”
Estimated Reading Time: 2 minutes
When I first looked at the issue of “basic income,” back in 2013, my gut reaction was deep skepticism. That’s because I feared many people would drop out of the labor force if they could live off government handouts (as illustrated by this Wizard-of-Id parody). It’s true that the current amalgamation of welfare programs also […]