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The Case for a Universal Basic Income

By: 
Charlie Cockburn

Unsurprisingly, UBI has attracted hysterical denunciations from the establishment press, replete with confident pronouncements that any such program would prove ruinously expensive and discourage people from working. A Daily Telegraph columnist asserted that poorer beneficiaries might spend “their time getting drunk, watching pornography or taking drugs”. The Financial Times claimed that “rewarding people for staying at home, is what lies behind social decay”.