In recent years, the concept of a Universal Basic Income (UBI) has captured the imagination of policymakers, economists, and citizens around the world. This innovative approach to social welfare presents a radical departure from traditional social safety nets. But before we delve into the potential benefits and drawbacks of a UBI system, let’s address the basics.
What is Universal Basic Income (UBI)?
At its core, UBI is a government program that provides all eligible citizens or residents with a regular, unconditional sum of money, regardless of their income, wealth, or employment status.This money is usually provided on a monthly […]
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