Fast Company Hails Universal Income As ‘Economic Stimulus,’ Omits $2.8T Price Tag

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Business and technology magazine Fast Company may have pulled a fast one over any readers unwilling to whip out a calculator when thinking about the Universal Basic Income (UBI).

A universal basic income is when a government provides a certain amount of money unconditionally, to all individuals regardless of employment status or income level.

Fast Company recently promoted a left-wing analysis of the UBI if it were implemented in the U.S. One of the scenarios it focused on would cost $2.8 trillion annually, in either additional federal debt or higher taxation. To put that in perspective, the federal government collected $3.3 trillion in tax revenue in 2016, according to the Congressional Budget Office.

The Fast Company story not only omitted the massive price tag and promoted a UBI without quoting any critics, staff writer Ben Schiller didn’t even report the liberal research correctly. – READ MORE

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