Basic income, also called Universal basic income (UBI), Citizen’s income (CI), Citizen basic income, Basic income guarantee, or Universal Demogrant in different countries or regions is a capitalist reform project, a proposed periodic cash payment delivered to all on an individual basis, without means test or work requirement.
The income will be (i) unconditional (ii) periodical (iii) non withdrawable i.e. basic income will remain unchanged irrespective of increase or decrease in income.(iv) Individual, beyond the age of 18 years, not per house hold(v) as a right to every legal resident. In some less developed countries basic income is directed to […]
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