Universal basic income is an idea that made some headlines during the race for the 2020 Democratic presidential nomination as Andrew Yang made it a signature policy idea of his campaign, but most people probably aren’t familiar with what it means and what would be involved. Before the pandemic, UBI in any form was probably a long shot at best to take hold in the US, but after three rounds of government stimulus checks and now soon a monthly stipend as part of expanded child tax credits that are part of the American Rescue Plan, it feels like a good time to continue the conversation. Dr. Steve Balsam, Professor of Accounting at Temple University's Fox School of Business joins KYW Newsradio In Depth to talk about what universal basic income is and what it might look like in America.
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