The cost of instituting a universal basic income (UBI)–an idea that’s attracting advocates in Canada–far outweighs the benefit, UBC economics professor Kevin Milligan told Quartz.
“UBI is great at reducing bureaucracy–but we’re talking pennies on the dollar of what it would cost to run these schemes,” said Milligan. “I’ve run the numbers for Canada and we’re talking well over hundreds of billions of dollars to run such a program and the bureaucracy involved is not even close to covering that cost.”
