Universal basic income

This report from UK think tank the IEA examines the idea of a universal basic income.

The idea of a Universal Basic Income (UBI) is currently the subject of much interest and discussion in the UK, with support and opposition from several parts of the political spectrum. Although currently modish this is actually an idea that has been around for a long time and was first formulated over two centuries ago. There have been several times when it has attracted attention over that time span, and these bouts of interest typically coincide with a specific and recurring combination of circumstances. On the left, such suggestions are frequently contrasted with a rival kind of proposal, that of Universal Basic Services (UBS), which is in many ways a revival of a much older tradition of socialist thought, but there is no such clear alternative on offer from the free-market side.

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