The concept of Universal Basic Income

A lot has been said about Universal Basic Income (UBI). There are people who call this a genuine and noble idea yet there are others who question how practical it is. The way we look at this topic may be influenced by the countries we live in and our economic background.

I believe that well-off countries will not see the need to have universal basic income. However, developing countries may see the need for that. The challenge of developing countries is that they are unable to reach the development levels of their counterparts.

But who would argue against a program that can improve the lives of other people. The universal basic income is a concept calling for a monthly pay out to all citizens of the world without any conditions.

The following article outlines the concept of Universal Basic Income: UBI