Universal Basic Income, will it become a reality soon, and is it a good thing or bad for the economy?

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More and more people are discussing UBI, and some politicians are even seriously proposing it as part of their social platform, most notably, Susanne Wiest in Germany. Finland, Canada and Portugal are also experimenting with it. Here’s a quick Wikipedia excerpt on the matter:

A basic income (also called basic income guarantee, Citizen’s Income, unconditional basic income, universal basic income, or universal demogrant[2]) is a […]

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