In March 2021 US President Joe Biden passed a $1.9 trillion fiscal stimulus package. This included a third Economic Impact Payment of up to $1400. Most US residents qualify for Economic Impact Payments. All you need is a valid Social Security Number and an income of less than $75,000, if you earn more than that your payment will be reduced or phased out.
This is a popular policy, many people have started referring to this third payment as Biden Bucks. These payments, including the first of up to $1200 in March 2020 and second of up to $600 in December, have provided people across the US with vital income support as they cope with the fallout of the pandemic.
So, this is cash, paid with very few conditions almost universally across the US. A programme that is just a few steps away from a basic income.
Registrieren Sie sich jetzt für das Panel zwischen Natalie Foster, Almaz Zelleke (FRIBIS-Team UBIG) und Martin Sandbu am 20. Mai, 20 Uhr deutscher Zeit (18 Uhr GMT).