(Bloomberg Opinion) — To make good policy you should have at least a vague notion of what you’re talking about. But when it comes to perhaps the biggest reform proposal around, we just don’t. I’m talking about a Universal Basic Income, a system of unconditional cash payments to everybody in a given jurisdiction.



a group of people standing in front of a crowd: WASHINGTON, DC - APRIL 15: Democratic U.S. presidential hopeful Andrew Yang leaves after a campaign rally at the Lincoln Memorial April 15, 2019 in Washington, DC. One of Yang’s major campaign promises is a universal basic income proposal to give every American 18 years and older $1,000 every month. (Photo by Alex Wong/Getty Images)


© Photographer: Alex Wong/Getty Images North America
WASHINGTON, DC – APRIL 15: Democratic U.S. presidential hopeful Andrew Yang leaves after a campaign rally at the Lincoln Memorial April 15, 2019 in Washington, DC. One of Yang’s major campaign promises is a universal basic income proposal to give every American 18 years and older $1,000 every month. (Photo by Alex Wong/Getty Images)

The case for a UBI runs as follows: It would reduce poverty, make people healthier and give them more dignity. It would also ease the transition of workers who lose their jobs to robots or artificial

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