Universal Basic Income, or UBI, is defined as a governmental program that would deliver periodic payments to citizens with no means-testing or work requirement. It is truly universal.
It most recently came into the public discourse during the Democratic presidential campaign of entrepreneur and philanthropist Andrew Yang.
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(2) comments
The question is "who pays for it"? Obviously, to dole out this amount of money, you need trillions in new taxes. Who pays for it?
Tell you what, if we suspend all the other social welfare programs, and I do mean all of them, then maybe we can consider it. Also, this would only be available to actual, real, legal citizens.
And then a flat income tax for everyone.
How does that sound?
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