What Is Universal Basic Income? DEFINITION Universal basic income is a proposed government-guaranteed payment that each citizen receives. Its purpose is to ensure all people have the means to purchase necessities and improve their quality of life. Definition and Examples of Universal Basic Income A universal basic income is a government-sponsored program in which every citizen or eligible resident would receive a flat monthly payment. The idea behind this type of government benefit is to reduce the financial stress faced by a country's residents, which would allow them to focus on education, improving their job skills, or dealing with […]
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