Income inequality is still a major problem in the world today, with significant social and economic ramifications. Universal Basic Income (UBI) has gained popularity recently as a potential strategy to reduce income inequality and offer monetary stability. In this article, we examine the advantages and disadvantages of a Universal Basic Income, looking at both its potential advantages and difficulties in reducing income inequality.
Advantages of a Universal Basic Income
Poverty Alleviation: By giving everyone a fixed income floor and ensuring a minimal level of living, universal basic income has the ability to reduce poverty. It can act as […]