What is Universal Basic Income (UBI)?
Universal basic income is a system similar to Social Security, where all citizens of a country receive a fixed amount of money on a regular basis. This money is typically provided by the government or a similar public organization. This income, provided unconditionally, is given in addition to any income for which the person works. The goal of a basic income system is to enable each person to have a fair chance for an adequate quality of life. It is a way to combat income inequality and ensure that every citizen has enough […]
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