Universal Basic Income (UBI)
The many names of Basic Income
For such a simple idea, Basic Income has a complex web of alternative names. Here are some of the other names for Basic Income, including a quick guide to what is and what isn’t BI.
What is a basic income?
A basic income, also called Universal Basic Income (UBI), is a type of program in which citizens of a country, or any other region, may receive a regular sum of money from a source such as the government.
Basic Income is a measure against poverty which also gives us the capacity to lead more dignified lives. Basic Income is not about alms, but about the guarantee of the right to existence. Watch this video
Why we should all have a basic income
By Scott Santens
Consider for a moment that from this day forward, on the first day of every month, around $1,000 is deposited into your bank account – because you are a citizen. This income is independent of every other source of income and guarantees you a monthly starting salary above the poverty line for the rest of your life.