Basic Income has been proposed as a potential solution to reduce poverty, with proponents highlighting its benefits in alleviating financial hardships and improving overall well-being. While Basic Income can be effective in addressing poverty at the individual level , it is essential to consider the long-term implications and societal impacts. Research suggests that Universal Basic Income (UBI) can help alleviate poverty in the short run, especially for the poor, but over time, it may lead to income reductions, increased poverty, and inequality due to factors like decreased labor supply and savings . Additionally, the debate on the necessity of […]
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