Free money with no strings attached—a “universal basic income” (UBI) or a “child allowance” would give unconditional cash payments to all adults or parents, respectively.
Liberalism of late has been seeking rationale to institute Free Money for the masses.
This from city-journal.org.
A massive socio-economic experiment has now provided compelling answers to the question, ‘What would be the end cost of free money?’
The answers, unsurprisingly, align with common sense:
– When people get free money, they work a bit less and play a bit more, and
– [W]hile they spend more on health care, they don’t see enduring health improvements as a result.
