Universal Basic Income

Universal Basic Income

5 Must Know Facts For Your Next Test

> UBI can potentially reduce poverty and income inequality by providing everyone with a stable financial foundation.

Implementation of UBI could simplify welfare programs by replacing multiple forms of aid with a single payment. Studies in various pilot programs suggest that UBI can improve mental health and job flexibility as people may have the freedom to pursue education or entrepreneurial ventures. Financing UBI often raises questions about taxation; higher taxes on wealth or corporations could be used to fund the program. Some economists argue that UBI may encourage more significant consumer […]

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