Universal Basic Income
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09/01/23 • 30 min
Universal Basic Income (UBI) is a socioeconomic concept and policy proposal aimed at addressing issues of economic inequality and providing financial security to all members of a society. At its core, UBI involves the unconditional and regular distribution of a fixed amount of money to every individual, regardless of their employment status, wealth, or other factors. The fundamental idea behind UBI is to ensure that everyone has access to a baseline level of income, which can help meet their basic needs such as food, shelter, and healthcare. Proponents of UBI argue that it can alleviate poverty, reduce income disparities, and provide a safety net in the face of automation and economic shifts. However, the concept also sparks debates around its feasibility, potential impact on work incentives, and the overall restructuring of social welfare systems.
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Universal Basic Income (UBI) is a socioeconomic concept and policy proposal aimed at addressing issues of economic inequality and providing financial security to all members of a society. At its core, UBI involves the unconditional and regular distribution of a fixed amount of money to every individual, regardless of their employment status, wealth, or other factors. The fundamental idea behind UBI is to ensure that everyone has access to a baseline level of income, which can help meet their basic needs such as food, shelter, and healthcare. Proponents of UBI argue that it can alleviate poverty, reduce income disparities, and provide a safety net in the face of automation and economic shifts. However, the concept also sparks debates around its feasibility, potential impact on work incentives, and the overall restructuring of social welfare systems.
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