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In most countries, numerous government welfare programs provide benefits (often means tested) to eligible recipients. Whether these payments arise from unemployment compensation, child tax credits, old age pensions, or a myriad of other programs, the outcome is the same: recipients receive guaranteed payments. The ultimate goal of many poverty warriors is a Universal Basic Income (UBI), often promoted as a supposedly cheaper alternative to the numerous welfare programs it is intended to replace. The UBI is a guaranteed income from the government which varies with age, but is otherwise unconditional. It is not means tested, which […]
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