Universal Basic Income—as unpopular as it is impractical 


Some policies—most policies—have committed supporters and opponents. It’s a rare few that inspire genuine zealotry. But the Universal Basic Income has become the political equivalent of bitcoin: a policy whose supporters believe so fervently that it will usher in a new golden age that they have become quite impervious to doubt. As a New York Times column put it when Finland abandoned its much-publicised trial of the policy: “Universal Basic Income Didn’t Fail in Finland. Finland Failed It.”

Yet the truth is that Universal Basic Income is one…