Question

What is the goal of Universal Basic Income?

Does it reduce inequality?

Does it Reduce poverty?

What are some arguments for and against Universal basic income?

Answer 1

1. The goal of universal basic income is giving provide an unconditional cash payments at regular intervals to all residents, regardless of their earnings or employment status.

They are targeted for aid and welfare of economy

It aims to give citizens the choice and control over how to spend the money received as assistance.

2. Yes, Universal basic income can reduce the inequality on the basic of income and inequality.

The improvement of income inequality is the main aim of UBI program.

3. No, an UBI does not provide any direct pathway out of poverty. For this to be achieved it must be complemented by Skill formation to allow the poor to be self sufficient and not dependent on government transfers.

4. Arguments for UBI:

• Some proponents of UBI argues that it reduces poverty and income inequality
• They argue that it encourages employment and skill
• That also say that it improves the health of recipients and empowers women.
• According to some proponents ,UBI value normally unpaid roles such as homemakers and caregivers

Arguments against UBI:

• Opponents of UBI say that it does not reduce poverty
• It deprives the poor of needed targeted support
• They argue that the UBI weakens the economy
• They also say that it is unaffordable and less attractive option as an aid for welfare.