Universal basic income (UBI) is a concept that has come a long way from its primitive form back in the 16th century, when a Spanish Renaissance scholar named Johannes Ludovicus Vives suggested that the Mayor of Bruges give a minimum income to all citizens of the city. The concept has become widely accepted in countries like Finland, India, Namibia, the state of Alaska, etc.
The idea is to pay each and every individual a minimum income, regardless of whether they are employed or not. This income should be high enough to cover the bare necessities such as food and clothing […]
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