UBI Works
Once in a while, a major political leader emerges who understands deeply how basic income can give citizens a hand up, spur the economy, and support workers exposed to automation. But it’s not often we also see in this same leader someone who recognizes UBI as a dividend from natural resources and technological advancements—things we can consider common wealth. Even more so, a leader who understands that the answer to the housing crisis lies in how we share the publicly-generated value of land, the singular resource that drives both wealth and poverty more than anything else.
Unfortunately, we’re not referring to a Canadian leader or anyone in the Western Hemisphere for that matter. We’re describing South Korea’s Lee Jae-myung, who recently secured the presidency in a tumultuous snap election and, for many years, has actively campaigned on these policies.
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