Basic Income, also called “unconditional basic income” or “universal basic income” (UBI) (*1), and sometimes “citizen’s income,” is a form of social security system in which all people of one country receive a certain amount of money unconditionally, and the amount must be large enough to cover the basic existential needs of one person.
If the amount of money is not enough to satisfy all basic needs, it is called “partial basic income.”
The idea of a minimum income first appeared at the beginning of the 16th Century, theorized by Thomas More (1516) and Johannes Ludovicus Vives (1526) as a means […]
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