Universal Basic Assets: The New Anti-Poverty Weapon
Unlike globally touted universal basic income, this relatively new macroeconomic poverty fix follows the adage that it’s better to teach someone to fish than simply hand over today’s catch. Universal basic assets would provide housing, education, health care and internet access to all in need. While some deride it as unearned handouts, like basic income, UBA is supported by liberals as a way to fight poverty and by libertarians as a safety net alternative. And advocates say the U.S. government could cover the cost out of the $729 billion it currently spends on tax incentives only wealthier Americans can take advantage of.