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COVID-19 is Making a Basic Guaranteed Income Possible — Richard E. Caroll

Summary:
COVID-19 has proved so infectious and has caused so much financial dislocation for millions of Americans, that for the first time in the history of the United States, it makes economic sense for a limited form of a basic guaranteed income (BGI) to be initiated. A BGI is different from the movement for a universal basic income (UBI) in that a BGI is not universal, but is specifically targeted to a certain segment of a nation’s economy that due to circumstances beyond their control have been shut out of the job market because their jobs have disappeared. A UBI is a universal form of income which would apply to all citizens regardless of income or employment status.... International Policy DigestCOVID-19 is Making a Basic Guaranteed Income Possible Richard E. Caroll

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COVID-19 has proved so infectious and has caused so much financial dislocation for millions of Americans, that for the first time in the history of the United States, it makes economic sense for a limited form of a basic guaranteed income (BGI) to be initiated. A BGI is different from the movement for a universal basic income (UBI) in that a BGI is not universal, but is specifically targeted to a certain segment of a nation’s economy that due to circumstances beyond their control have been shut out of the job market because their jobs have disappeared. A UBI is a universal form of income which would apply to all citizens regardless of income or employment status....
International Policy Digest
COVID-19 is Making a Basic Guaranteed Income Possible
Richard E. Caroll
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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