A Nobel Prize winner in economics just backed basic income

Discussion in 'Business & Economics' started by Plazma Inferno!, May 30, 2016.

  1. Plazma Inferno! Ding Ding Ding Ding Administrator

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    Basic income is having a whirlwind year, and it was just galvanized even further by the support of Angus Deaton, the 2015 Nobel Prize winner for Economics.
    At a universal basic income forum in Taiwan's capital on May 19, Deaton encouraged governments to consider lifting the financial burden on low-income citizens with basic income grants.
    He pointed to increasing instability as a cause for concern.
    "The riskier the world becomes, the more potential there is for increases in inequality."
    His thinking: Government intervention on the scale of regular monthly checks, handed to people regardless of working status for the purpose of meeting their basic needs, may be the smartest solution.

    http://www.techinsider.io/basic-income-gets-nobel-prize-winners-approval-2016-5
     
    joepistole likes this.
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  3. Daecon Kiwi fruit Valued Senior Member

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    Not to be confused with Angus Deayton, the British actor/comedian.
     
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  5. Russ_Watters Not a Trump supporter... Valued Senior Member

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