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Why Some Believe Universal Basic Income Will Hurt Us GOBankingRates 2 hrs ago © Alihan Usullu / Getty Images/iStockphoto Unrecognizable young man counting US Dollar bills. In Alaska, every eligible resident gets a regular cash payment from the government that they don’t have to work for and that they can spend however they want no strings attached. It’s been that way since 1982, the inaugural year of the Alaska Permanent Fund. It’s America’s only true example of universal basic income (UBI), a policy that some businesspeople, politicians and economists want to institute nationwide. UBI proponents have mostly noble intentions reducing income inequality, alleviating poverty and softening the impact of jobs lost to automation. But the policy’s opponents are mostly focused on the same question as Steve Martin’s “Father of the Bride” character: Who’s paying for all this?

United statesAndrew yangNishank khannaAlihan usullu gettyJoe bidenAmerican enterprise instituteTax foundationAlaska permanent fundAlihan usulluStockphoto unrecognizableAlaska permanentSteve martinSuccess storyTotal costDemocrat andrew yangSocial security