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universal basic income

File:Basic_Income_Performance_in_Bern,_Oct_2013.jpg · Wikimedia Commons · See Wikimedia Commons

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universal basic income

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Also known as unconditional basic income, basic income guarantee, UBI, citizen's income, universal demogrant, basic income, BI guarantee

sociopolitical financial transfer proposal

AI overview

Universal basic income is a proposal where governments would regularly give all citizens a set amount of money, regardless of whether they work or need it. It matters because supporters argue it could reduce poverty and provide financial security, while critics raise concerns about costs and whether it would affect work incentives.

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Basic Income Performance in Bern, Oct 2013.jpg
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Commons category
Basic income guarantee
hashtag
UBI
earliest date
1600-00-00
P8168
Gayo
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3-minute video on universal basic income (2013) In 2013, eight million 5-centime coins (one per inhabitant) were dumped on the Bundesplatz in Bern to support the 2016 Swiss referendum for a basic income (which was rejected 77% – 23%).

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