Cristopher Udry, Yale: The simplicity is attractive, but deceptive. Coupled with universal health care & tax reform it could work. but we are far from that. Th

Cristopher Udry, Yale: The simplicity is attractive, but deceptive. Coupled with universal health care & tax reform it could work. but we are far from that. The key is tax reform. UBI is just an interesting and controversial new name for a more boring (and conventional) idea: wealth redistribution through tax reform. Nobody wants to talk about tax reform because it's boring, opaque, and gridlocked at a political level, whereas anyone can have an opinion on the new hot topic of UBI. Hopefully UBI will bring about a fruitful discussion of more fundamental issues, such as tax reform, in the near future.