Question

Recent policy proposals in the national spotlight have discussed giving a universal basic income on a monthly basis to individuals in the United States. The proposals gained prominence before the coronavirus pandemic, and have gotten increased attention during the pandemic. What do you think of these proposals? If you like the proposals, list reasons why. If you dislike them, do the same.

Answer 1

Universal Basic Income

Universal basic income is a Program which will be regulated by the government, by which it guarantees the citizens a basic amount of income. The ultimate target of the Program is to assure a minimum basic income for the citizens. The main objective of the universal basic income scheme is to provide the financial security for the citizens and make the citizens for the capability to cover the minimum cost of living. The proposal has gained attention among the citizens and was a widespread discussion gone before the outbreak of the Covid-19. And the most important point is that it has gained a wide public support at this condition also.

The main idea behind the proposal is that the guaranteed income will abolish the Poverty and other severe economic conditions. And finally it will results in a reduction of the income inequality and to improve the economic equality and development.

I like the proposals

Reasons behind it

Because the program assures a minimum basic income for all the citizens and which give us a situation that the people are able to take care of the diseased citizens and to provide them the medical aids. Not only in the case of this condition but in a broad vies this is applicable. The financial assistance is given directly in the hands of poples and the intermediates in between this transfer is removed. Which makes it more pure and crystal clear.

When a vast majority of people become unable to work, become unemployed for a small or large time period, this funding will definitely help them to support at the harsh conditions. And the program will certainly provide the financial stability for all the person those who really deserve it. Which in turn help the people from the poverty trap, which was associated with the programs before it.

And also the economic destruction is the most important problem that we face with the outbreak of the Corona virus. But this payments will stabilize the economy at the recession periods. And it is also helpful for the students who want to study more, may face some serious economic conditions. And the Program will be more efficient than the all other existing traditional programs.