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Review:

Universal Basic Income

overall review score: 3.5
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

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Last updated: Wed, Jan 8, 2025, 03:56:44 PM UTC