Basic Income (theory)

Basic Income is a policy concept where all individuals receive a regular, unconditional cash payment from the government, regardless of employment status or income level. Its goal is to provide financial security, reduce poverty, and simplify welfare systems. By ensuring a baseline income, it empowers people to meet their basic needs, encourages entrepreneurship, and adapts to economic changes like automation. Basic Income emphasizes individual dignity and social fairness, aiming for a more inclusive economy. It is debated for its affordability and potential impacts on work incentives, but remains a significant idea in discussions about social and economic reform.