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The Universal Basic Income is a policy that economists started discussing prior to the COVID-19 pandemic, building on the Basic Minimum Income (BMI) approach. The BMI is widely used in other countries (particularly within the European Union) to provide an income floor below for individuals and families. While not that common in the US history, it gained some visibility in recent years, being also proposed by one of the presidential candidates, Andrew Yang, as a more permanent social protection measure. In response to the economic downturn created by the COVID-19 pandemic, the BMI is now being proposed as a temporary measure to prevent poverty and provide a much needed safety net, during and beyond the pandemic.
Please review this video: https://www.youtube.com/watch?v=2vBcAaWzp6g&feature=youtu.be
And this article. https://www.brookings.edu/blog/future-development/2020/03/13/5-lessons-for-using-universal-basic-income-during-a-pandemic/
1. How would a BMI approach fit with the current US welfare system? How would it impact existing policies (TANF, SNAP, Unemployment Insurance)? Should UBI replace or complement such policies? Explain.
2. Prepare an argument either for or against passing the BMI as a temporary policy to protect workers, during and after the pandemic.
Please submit this to the discussion area below, to share with your peers. Keep the answers brief and to the point. Also, do comment/contribute to at least two other arguments posted.