Overview
Universal Basic Income (UBI) is an economic theory and practice that the government guarantees its citizens a minimum amount of money to pay for necessities, such as food, shelter and clothing. It is particularly popular within Marxist economic models, such as communism and socialism.
Among the earliest references to the UBI appeared in Sir Thomas Moore’s satirical work of fiction Utopia . In the book, Moore argues that the government should pay its citizenry a guaranteed income to keep them from poverty. [1] Over the next several centuries, the theory was touted by English radical Thomas Spence and American […]
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