Source: Ludwig von Mises Institute
by Conner McEleney
“Many progressives, such as Robert Reich and Kyle Kulinski, argue that the economy needs a universal basic income (UBI) to fix it. Their argument stems from the idea that UBI has no serious flaws, that many studies show success, and that it’s the moral thing to do. An example that these progressives would cite would be the Denver UBI experiment. The study had three groups of people. Group A had $1,000 per month, and Group B had $6,500 for the first month; the other months were $500. Group C had $50 a month. The study concluded that giving money improved their overall well-being. As the saying goes, it’s too good to be true; the results alone are exaggerated by UBI proponents.” (07/29/26)