What is Universal Basic Income (UBI), you might ask? Although known by many other names–citizen’s income, citizen’s basic income, basic income guarantee, guaranteed annual income, or universal demogrant–, this is how its most ardent supporters would answer that question: “It is a regular income paid to everyone without any conditions. Everyone would automatically receive a regular income paid into their bank accounts.”
Notice the key phrases: regular income, everyone, no conditions. Yes, you have it right; you do not need to work, meet any qualifying standards, or experience any humiliating scrutiny whatsoever to get paid money for nothing. You, every […]
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