1 year 8 months ago
By Calum Chace  |  March 9, 2018 One out of three ain’t good Universal Basic Income (UBI) is a fashionable policy idea comprising three elements: it is universal, it is basic, and it is an income.  Unfortunately, two of these elements are unhelpful, and to paraphrase Meatloaf, one out of three ain’t good.   The giant sucking sound The noted economist John Kay dealt the edifice of UBI a serious blow in May 2016 in an article (here; paywall) for the FT.  He returned to his target a year later (here)…