A basic income (also called basic income guarantee, citizen's income, unconditional basic income, universal basic income (UBI), basic living stipend (BLS) or universal demogrant) is typically a form of social security or welfare regime, in which...
A basic income (also called basic income guarantee, citizen's income, unconditional basic income, universal basic income (UBI), basic living stipend (BLS) or universal demogrant) is typically a form of social security or welfare regime, in which all citizens (or permanent residents) of a country receive a regular, liveable and unconditional sum of money, from the government. Payments does not require the recipient to work or look for work, and is independent of any other income.