Yang’s Freedom Dividend: What’s It Got to do with Freedom? By: Michael Anthony Lewis (Associate Professor of Social Work, CUNY) Anyone following Andrew Yang’s attempt to win the Democratic Presidential Primary knows that a key part of his platform is the Freedom Dividend. This is his name for what others call a universal basic income […]
UBI: A Bad Idea? Michael W. Howard According to Daron Acemoglu, universal basic income (UBI) is “a flawed idea, not least because it would be prohibitively expensive unless accompanied by deep cuts to the rest of the safety net.” A UBI of $1000 a month would be, he says, about $4 trillion. But that’s the […]
By: Michael Anthony Lewis (Associate Professor of Social Work, CUNY) Jonathan Church is an economist who’s recently taken Alexandria Ocasio-Cortez (AOC) to task here for her misunderstanding of economics. What she apparently misunderstands is the notion of scarcity. Church doesn’t mention basic income in his piece, but he could have. That’s because some have advocated […]