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A Universal Basic Income (UBI) sounds great in theory. According to a previous study by the Roosevelt Institute, it could permanently increase the U.S. economy by trillions of dollars. While such socialistic policies sound great in theory, history, and data, they aren’t the economic saviors they are touted to be.
What Is A Universal Basic Income (UBI)
To understand why the theory of universal basic income (UBI) is heavily flawed, we need to understand what UBI is…An insightful article by Lance Roberts which can be read in its unedited entirety here.