A Universal Basic Income (UBI), also known as Citizen’s Income, Basic Income Guarantee, or Universal Demogrant, is a proposed social welfare program in which the state pays every legal resident within its territory a periodic sum of money. Most proposals have variations for age, but have no other conditions; people would receive the same amount regardless of their employment status, contributions to society, existing salary, net worth, current expenses, gender, family structures, race, religion, or any other factors.[1] Depending on the amount being paid, a basic income may be full or partial.
Basic income was first proposed by Sir Thomas […]
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