Basic Income

Basic Income is a financial support system where the government provides citizens with a regular, unconditional sum of money to help cover their basic needs, regardless of employment status. This concept aims to reduce poverty, promote economic stability, and provide a safety net in a changing job market influenced by automation and globalization. By ensuring everyone has a standard income, Basic Income can help foster individual freedom, boost local economies, and reduce reliance on traditional welfare programs. Advocates believe it can lead to a healthier, more equitable society, while critics raise concerns about funding and potential work disincentives.