What Is Universal Basic Income?

What Is Universal Basic Income?

Universal Basic Income (UBI) is a policy, much like Social Security, where every citizen of a country receives money at consistent intervals. This amount usually is meant to cover the basic needs of a person in that society. The goal is to give people an “equal opportunity” to advance within society rather than providing “equal outcomes”.

For example, 2020 Presidential candidate Andrew Yang proposed what he called a “Freedom Dividend” . This policy would have given every adult citizen of the United States $1000 every month. Since the Poverty Level in America is around $12,000 a year, it would have […]

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