Universal Basic Income: Free Money

Today I had a lecture that introduced an interesting idea, one I think worth sharing and discussing–universal basic income (hereafter referred to as UBI). UBI is a radical alternative to the present welfare system existent in most western countries. In most societies, welfare is conditional on a demonstration of effort to gain employment–it has a work requirement. UBI proposes that the work requirement be scrapped and that welfare be provided to all citizens irrespective of need so that everyone has a sufficient standard of living such that employment becomes a life choice rather than a life requirement.

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