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universal basic income
Sign in to saveAlso known as unconditional basic income, basic income guarantee, UBI, citizen's income, universal demogrant, basic income, BI guarantee
sociopolitical financial transfer proposal
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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~40 min read
Encyclopedic overview
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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Excerpted from Wikipedia’s “universal basic income” article, available under the CC BY-SA 4.0 licence.