Economics
Note to Swiss: Basic Income Plans Have a Basic Flaw
Cutting everyone a check may replace unwieldy programs, but there's still an "impossible trinity" to contend with.
Switzerland Proposes Paying Everyone $30,000 a Year
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If something sounds too good to be true, it probably is.
That adage comes to mind when discussing universal basic income—that is, cutting a check of the same amount to all citizens, regardless of earned income—the kind of initiative that Switzerland will be voting on in two weeks.