[ANALYSIS] Free money for every Filipino, at least during emergencies

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'Through universal basic income, every citizen above a certain age will be entitled to cash aid. That’s as straightforward a solution to poverty as one could get.'

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hailed UBI in his Easter letter this year

The primary advantage of UBI is that it involves minimal to no targeting. Every citizen above a certain age will be entitled to cash aid. That’s as straightforward a solution to poverty as one could get. We also need not worry that the middle class isn’t getting any help. UBI could also streamline and harmonize the hodgepodge of social protection programs currently out there. (For COVID-19, for instance, we have anUBI can also serve as a fiscal stimulus during crises, spurring economic activity where it can.for “universal and transformative social protection for all Filipinos.

Alternatively, owing to financing constraints, government can opt for universal “ultra basic” income (UUBI) of, say, P2,000 per person per month for everyone aged 20 and above. Such a one-off payment will cost less than 1% of our nation’s income.

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Di Ikaw magbigay ng free money kung May pera ka. Akala mo naman ganun kayaman ang Pilipinas.

Free money? We will all pay for these eventually...

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