Bill Gates: The World Isn’t Ready for Universal Basic Income Now, But We Will be Soon

Income for All

In theory, a universal basic income (UBI) would be great. Under such a system, all citizens of a country are entitled to an unconditional amount of money on top of income they already generate through other means. It could spur productivity, improve health, alleviate poverty, reduce crime, raise education, and improve quality of life. It’s also especially relevant, given the reality of automation taking over more and more jobs.

UBI’s potential has prompted several nations to study and test its viability. Among the pioneers are Finland, which just started implementing a UBI program that gives 2,000 randomly […]

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