Does Universal Basic Income Have a Home in Taiwan?The News Lens Feature
The cash stimulus payments issued by many governments during the Covid-19 pandemic have given new life to calls for a universal basic income (UBI) — unconditional, sustained cash payments. Does UBI have a home in Taiwan? Since Taiwan has avoided calamity from Covid-19, major stimulus wasn’t seen as necessary. But economic stability could be all the more reason to think big about addressing social inequality. Here we evaluate the possibility of launching a UBI program in Taiwan.
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UBI promises more choice, but it doesn't allow people to change the terms on which choices are offered. Taken with the particularities of Taiwan's financial system, UBI may not be an idea well-suited for the country.