Universal Basic Income (UBI)

Universal Basic Income (UBI) is reportedly a groundbreaking idea that involves providing every individual with a regular sum of money from the government. The concept has gained significant attention in recent years due to its potential to alleviate poverty, reduce income inequality, and promote economic security. Recipients of UBI experiments have reported better well-being, life satisfaction, and trust in institutions. The European Union has launched a UBI pilot program, and China has experimented with UBI in several cities.