Universal Basic Income (UBI), Citizen’s Income (CI), Basic Income Guarantee (BIG), or Universal Demogrant (UD) is a capitalist reform project. It is a proposed periodic cash payment delivered to all on an individual basis, without means testing or work requirement.
The income will be:
1. unconditional 2. periodical 3. non-withdrawable (i.e. basic income will remain unchanged irrespective of increase or decrease in income) 4. individual (beyond the age of 18 years, not per household) 5. a right to every legal resident (In some less developed countries basic income is directed to the poorest section […]
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