What is universal basic income?
Universal Basic Income (UBI) is a type of social security system where every individual is given a regular and unconditional sum of money, regardless of their income, employment status, or wealth. The idea behind UBI is to provide a safety net for people to cover their basic needs and to reduce poverty and economic insecurity. The amount of money provided under UBI is usually set at a level sufficient to meet basic needs and can be supplemented by other forms of income.
UBI has been a subject of debate and discussion for many years, with […]
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