Here’s an idea: a worldwide universal basic income paid for by a carbon tax. A study found that it could boost the global GDP by 130%.

Business Insider

Some might say a universal basic income is wishful thinking, but one study suggests it could have staggering impacts on the global economy.

Researchers behind the newly published study, called “Utilizing basic income to create a sustainable, poverty-free tomorrow,” outlined how universal basic income could provide a “two-pronged solution to both environmental sustainability and social resilience” that could grow the global GDP from 39% up to 130%.

Basic income pilots gained popularity after the COVID-19 pandemic, which caused record-high unemployment — nearly 15% — in the United States in early 2020.

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