Introduction
The basic idea of a UBI is that everybody should be given a basic minimum income as an entitlement and not as compensation for work. In most advanced countries, social security systems are in place, but caveats apply and many are excluded. The UBI would be completely unconditional.
The proponents of UBI generally trace their origin from liberals like Milton Friedman. Universal basic income had been gaining ground globally. Countries like Switzerland and Finland have already voted in favour of it. In fact, Finland had introduced it the last month. What purpose does UBI solve? In the West, […]
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