1. Despite the claims of the article, the case for UBI has next to nothing to do with fighting income inequality. It moves some money from the rest of the population to the bottom of the distribution but does nothing at all about the concentration taking place at the top. At best it is about ameliorating the conditions at the bottom, period.
2. It so happens that we’ve been here before: the Seattle-Denver Income Maintenance Experiment of the 1970s. The results were favorable from a labor supply standpoint, but lots of women saw the income guarantee as an off ramp from unsatisfactory relationships. The program’s primary sponsor, Daniel Patrick Moynihan, gave up on it in the interest of “saving the family”:
in 1978....Senator Daniel Patrick Moynihan announced in a speech on the Senate floor that evidence of high rates of family dissolution among recipients in the Seattle-Denver experiment had caused him to question his earlier advocacy of a negative income tax.How soon we forget.