What is a Universal Basic Income?

The Universal Basic Income (UBI) , also known as Basic Income, Citizen’s Income, or Guaranteed Minimum Income, is a government-guaranteed payment that citizens receive through cheque.

Recipients of the UBI differ depending on the government’s program. Some governments pay every citizen, regardless of how much their income is, while there are governments that only pay those who are below the poverty line regardless of whether they’re employed or not.

Sources of the funds for the UBI also differ. Some governments choose to increase the tax on the wealthy, while others opt to increase the tax on corporations and big businesses.For governments […]

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