Despite being lambasted as a utopian fiction, the idea of a universal basic income (UBI) is gaining traction in Asia with new trials set to start and the concept garnering interest among lawmakers in the region.
UBI, or the notion of regularly distributing free money to all citizens as a form of social security, has been on the fringes of economic policy debate since the late eighteenth century, but gained credence in the 1960s after U.S. President Richard Nixon advocated the idea as part of his Family Assistance Plan.
The idea is now gathering global popularity after a landmark trial in […]
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