8 years ago
A Nobel Prize winner in economics just backed basic income
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, the Taipei Times reports. He pointed to increasing instability as a cause for concern. "The riskier the world becomes, the more potential there is for increases in inequality," he said.
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