Answer:
Here are the pros and cons of implementing a universal basic income ¹ ²:
Pros:- Ends poverty by providing a basic income above the poverty line- Redistributes wealth and tackles income inequality- Provides a safety net for millions of people who will lose their jobs to automation- Enables victims of domestic abuse to leave their abusers- Supports care workers and encourages care work within the home- Eliminates the need for social securityCons:- Inequitable distribution of wealth could favor the rich- The cost of implementing UBI could be huge- UBI could reduce the incentive to work- Community service should be […]
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