Universal Basic Income is a social welfare and economic policy concept that provides regular, unconditional cash transfers to all citizens or residents, regardless of their income, employment status, or wealth. This progressive approach to social welfare aims to reduce poverty rates significantly and ensure that everyone has access to the basic necessities of life. By providing a stable income floor for all individuals, UBI promotes financial security and provides a safety net to protect against economic shocks. In addition to its impact on poverty rates, UBI has several other benefits. One of the benefits of Universal Basic Income is […]
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