Review:
Universal Basic Income
overall review score: 3.5
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score is between 0 and 5
Universal Basic Income (UBI) is a social security system in which all citizens of a country receive a regular, unconditional sum of money from the government, regardless of income or employment status.
Key Features
- Unconditional cash transfers
- Regular payments
- Universal coverage
Pros
- Reduces poverty and inequality
- Provides financial security to all citizens
- Encourages entrepreneurship and innovation
Cons
- Potential for high cost to government
- May disincentivize work for some individuals
- Requires significant restructuring of existing social welfare systems