, Columnist
Universal Basic Income Could Work in Italy
Mostly because its social safety nets are atrociously designed. But it’s a promising lead for a big idea.
Giving skeptics the boot.
Photographer: DigitalVision Vectors/Getty ImagesThis article is for subscribers only.
Universal basic income (UBI) schemes are often rejected out of hand as too expensive. In some countries, however, paying every resident a basic income sufficient for survival could actually result in budget savings. That's the surprising conclusion in a fresh policy brief from the Organization for Economic Cooperation and Development.
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