Universal basic income (UBI), also known as basic income, is a model that provides all citizens of a country a given sum of money, regardless of their employment status or income. UBI aims to prevent or reduce poverty and increase quality among citizens.
According to the Basic Income Earth Network (BIEN), there are five defining characteristics of basic income:
> Periodic: distributed in regular payments Cash payment: distributed as funds, not coupons or vouchers Individual: paid to every adult citizen, not just every household Universal: it is paid to all citizens, regardless of their situation Unconditional: there is no requirement […]
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