On the 19th of this month, an organization called The Income Movement will be sponsoring a series of worldwide marches and rallies in support of a universal basic income. Prior to COVID-19, the concept of a UBI had gained substantial visibility and popularity by the mid-2010’s after languishing in relative obscurity for decades. Notably, former 2020 Presidential candidate Andrew Yang made an unconditional $1k monthly stipend for all Americans the centerpiece of his platform. Post-COVID-19, UBI and temporary UBI-style programs have been touted as a means of ensuring financial stability amidst the pandemic and the economic chaos that has accompanied it. I’ve supported the latter (to an extent) but the promotion of UBI as a way of ameliorating poverty and its related social issues in general is riddled with problems. It is no coincidence that the last time basic income was this prominent in national discourse, it was being touted as a means of welfare reform (I.E. welfare elimination) by none other than Milton Friedman in the 1960’s and 70’s.
I’ll be writing in-depth about UBI in the post COVID-19 era at a later date. For now, I’m reposting an opinion piece I wrote last year about Yang’s “Freedom Dividend” which contains my basic critique of his favored implementation of the policy.