UBI can reduce poverty and stimulate economic growth by 12.56%-13.10% , adding $2.5 trillion to the US economy by 2025, with challenges like higher taxes and potential work disincentives being manageable through progressive taxation and careful policy design . Benefits of Universal Basic Income
Poverty reduction : UBI has the potential to lift all recipients above the poverty line, as evidenced by global trials.
Economic stimulation : By providing a safety net, UBI can foster entrepreneurship and small enterprises, as seen in Manitoba’s trial. Mental well-being : Participants in Finland’s UBI pilot reported higher life satisfaction, reduced mental strain, […]
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