Is it time for a universal basic income?
For over two years, former Democratic presidential candidate Andrew Yang campaigned across the country, building a coalition along the political spectrum. The main promise driving Yang's campaign was his "freedom dividend," a guaranteed income of $1,000 per month for every American citizen. This "dividend" is a form of universal basic income, an idea that's been around for centuries and one that's gaining popularity, especially during the COVID-19 pandemic. People who support versions of universal basic income say it would solve many problems, ranging from job loss brought on by developing technology to poverty. Has a universal basic income ever been tried before? What are the arguments for and against it? Rev. Ben Johnson, a managing editor at the Acton Institute, joins the show to answer. Show notes: https://blog.acton.org/archives/116253-acton-line-podcast-is-it-time-for-a-universal-basic-income.html