An expert on fighting poverty makes the case against a universal basic income
Economic Development FinanceSummary
In this Vox article, Robert Greenstein, the president and founder of Center on Budget Policy Priorities, provides a compelling argument against a universal basic income (UBI), contradicting its widespread support. Many supporters argue that a UBI is the key to solving poverty and inequality. However, Greenstein argues that while the concept is philosophically appealing, a UBI in the United States would not be politically and economically viable. He states that it could even exacerbate poverty and inequality, as financial resources would not be as well-targeted to vulnerable populations who require more support.
Greenstein also challenges the idea that universal programs are inherently politically stronger and better than means-tested ones, citing years of policy data to show that programs like the Earned Income Tax Credit and Supplemental Nutrition Assistance Program have proven to be more resilient and effective. Rather than waiting years for UBI to gain traction, he advocates for incremental reforms such as expanding child tax credits, subsidized jobs, and housing assistance that can provide direct support to low-income people in the near future.