Universal basic income is when governments opt to support the economy from the bottom up by giving money regularly to all citizens, without means testing, to spend how they please. Universal Basic Income, Citizen’s Income or just Basic Income are terms that are used more or less interchangeably to refer to an unconditional, regular payment made to every citizen of a country or territory, with some differences in amounts by demographic factors like age. Does the available evidence for universal basic income show it doesn’t work? A Universal Basic Income (henceforth “UBI”) might just be what we need. In […]
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