Renowned socialist Robert Reich is at it again, trying to convince the naive that Universal Basic Income (UBI) has been proven to work. In his video, “The Truth about Guaranteed Income,” Reich cites an experiment in Stockton, CA as evidence that unconditional cash payments are the key to alleviating poverty.
However, Reich ignores one important point. The Stockton experiment was funded voluntarily through the Economic Security Project. What then does this have to do with a nationwide, federal UBI funded through compulsory taxation?
Hashtags: #RobertReich #StocktonCalifornia #UBI #GuaranteedIncome #EconomicSecurityProject #Socialism #Handout #My2Cents
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References:
Holder, S. (2020, June 2). Stockton Extends its Universal Basic Income Pilot. Retrieved March 27, 2021, from https://www.bloomberg.com/news/articles/2020-06-02/stockton-extends-its-universal-basic-income-pilot.
McBride, W. (2020, July 31). What is the evidence on taxes and growth? Retrieved March 27, 2021, from https://taxfoundation.org/what-evidence-taxes-and-growth/.
Schneider, H. (2017). Universal Basic Income—Empty Dreams of Paradise. Intereconomics/Review of European Economic Policy, 52(2), 83-87.
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