Universal Basic Income : Arguments in favor and against it

Started on 2018-07-30 07:43:19 by FactHunt Admin

OP's Perspective

Universal Basic Income is one of several ideas floating around for dealing with the income gap.

What is the Universal Basic Income (UBI)? In general, UBI is a type of cash transfer that is: 

  • Universal: every citizen receives the transfer regardless of employment status or income.
  • Unconditional: recipients have no restrictions on how they can spend the cash.
  • Basic: the amount will cover “basic needs” and will constitute a “living wage.” 
  • Long-Term: the cash transfers will last for the long term, e.g. entirety of the receipt’s life.

Credit: Ray Dalio

Let's debate whether UBI is feasible in Indian context or not.