UBI (Universal Basic Income) is a system where a basic income is given to everyone, an income that enables them to survive, an income that provides them the most basic human needs, which are food, a house, water and hygiene.
UBI has long been discussed among academics, Milton Friedman in 1968 was already discussing the idea of a sort of UBI based on negative income taxation. He would do this by giving 50% of the unused tax exemption money to the family. For example, if a family of four had tax exemption until the income of $3,000 but was earning […]
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