Imagine this: receiving monthly cash payments from the government to cover the cost of basic living expenses. Although it sounds great in theory, a universal basic income (UBI) raises major questions about its feasibility and economic consequences.
In recent years, the idea has generated much interest and countries have been debating over the execution of a UBI. Most recently in 2016, Switzerland decided to hold a referendum over the implementation of a universal basic income. Initially, many people seemed to be drawn towards the idea, however, once the campaigns over UBI began, people seemed to change their mind and the […]
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