Participation income is a type of universal basic income (UBI) that provides every citizen with a certain amount of income as a right of citizenship, regardless of their income or employment status. The goal of participation income is to ensure that everyone has access to a basic level of financial security and to support greater social and economic equality.
Unlike other forms of UBI that are typically paid for through taxes or other government revenue sources, participation income is funded through a public fund that is generated by fees on natural resources or other shared assets. The idea behind this […]
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