The goals of a basic income system are to alleviate poverty and replace other need-based social programs that potentially require greater bureaucratic involvement. The idea of universal basic income has gained momentum in the U.S. as automation increasingly replaces workers in manufacturing and other sectors of the economy.
What is universal basic income?
Universal basic income is a system in which the government provides every adult citizen with a set amount of money on a regular basis, regardless of their need or desire to work.
What is a basic income?
Although called basic income, it was only made available to those with a low income and funding would be removed if they obtained employment, making it more related to the current welfare system than true basic income.
