Universal Basic Income

About

Universal Basic Income (UBI) is a concept where every citizen receives a regular, unconditional sum of money from the government, regardless of their employment status or income level. The primary goal of UBI is to ensure economic security and alleviate poverty by providing a safety net that covers basic needs. It aims to simplify welfare systems by replacing complex, means-tested programs with a straightforward cash payment. UBI has been discussed for centuries, with proponents like Thomas More and Martin Luther King Jr. advocating for its benefits. UBI is characterized by its universality, periodic payments, and lack of conditions. It has been tested in various countries and cities, showing positive outcomes such as reduced poverty and improved well-being. Critics argue about its cost and potential disincentives to work, while supporters see it as a means to foster creativity and entrepreneurship. UBI remains a debated policy, with ongoing experiments and discussions about its feasibility and impact on society.