Universal Basic Income: A Universally Bad Idea

Like a zombie, it keeps coming back. Like zombie movies, it enjoys growing popularity by defying logic and common sense. Chicago and Stockton (CA) have launched the most recent proposals for Universal Basic Income (UBI). That the idea appeals to cities that have gone bankrupt or have unsustainable financial prospects should give us pause. Universal Basic Income is "…a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement."