Universal basic income could be coming for kids

Universal basic income could be coming for kids

[Ed. – When the government runs out of funding, they can begin using Monopoly money.]

Entrepreneurs, intellectuals and presidential candidates have in recent years touted “universal basic income,” a cash stipend to everyone with no strings attached, as the answer to poverty, automation and the drudgery of work. It has never gotten off the ground in the U.S.

Instead, something similar in spirit but cheaper and more practical may be in sight. Both President Biden and Sen. Mitt Romney (R., Utah) have proposed significantly expanding the child tax credit and dropping many of its restrictions, in effect turning it into a near-universal basic income for children.

The main aim of their proposals is to reduce child poverty, which is higher in the U.S. than in most advanced countries. …

Trending: The key supporting effort appears to be underway on Trump’s operational timeline

In the process, it may also become the only major benefit in the U.S. that achieves near universality. …

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