Enthusiasm for a universal basic income (UBI) has renewed since the pandemic. With UBI, all citizens would receive a guaranteed minimum income. So, what are the pros and cons of this policy? What is universal basic income?
With UBI the state pays a basic amount to all individuals, regardless of their own wealth and circumstances. The payment should be unconditional. ‘Universal’ means that Richard Branson would get the same amount as a office cleaner.
Citizens can use the payment for anything. An extra monthly income could help them to survive in lean times and avoid debt. If the money is […]
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