Introduction
Credit: The New Yorker Universal basic income is a concept where a small payment is made to everyone regardless of their need. On the other hand, basic income refers to a wage payment given to persons who need it.
Basic income is considered an outrageous idea, but in 2020 we all experienced and lived it. Explained further universal basic income is a concept of providing minimal payments to everyone, thus removing the stigma of welfare payments. Universal basic income is a trimmed-down cousin of basic income where an amount covering all expenses is provided to individuals in need […]
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