Universal Basic Income: Purpose, Pros and Cons
A universal basic income is a government guarantee that each citizen receives a minimum income. It is also called a citizen’s income, guaranteed minimum income, or basic income. The intention behind the payment is to provide enough to cover the basic cost of living and provide financial security. The concept has regained popularity as a way. Tesla founder Elon Musk is a supporter of the idea of a universal basic income. Photograph: Ringo HW Chiu/AP One reason why Musk supports a basic income is that work is likely to become much […]
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