What Is Universal Basic Income?

When the COVID-19 pandemic shut down businesses and sent workers home, the government stepped in with stimulus payments that were intended to keep families afloat financially during an unprecedented time. Those payments are a thing of the past, but some have advocated for the government to continue providing regular financial support to residents, particularly those with lower incomes.

Known as universal basic income or guaranteed income, these proposals have been divisive. Depending on whom you ask, providing all Americans with a guaranteed universal basic income could erase inequality and spur entrepreneurship or it could be a recipe for economic disaster.

Those […]

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