Basic Universal Income (BUI) is a form of social security in which all citizens or residents regularly receive an unconditional sum of money from the government or other form of public institution, in addition to any other income received elsewhere.
Yes, I know what you are thinking. I must be a socialist bastard to promote such a thing. But you should know this is not a new idea. It has been around a very long time. President Richard Nixon was trying to get this done when he was president of these United States. This is how it works. Every man, woman and child would receive a monthly check. The funds would cover basic housing needs, food, etc. It would not be based on how much you earn. It would be the same for everyone.
It has been tested and it has had some good results. People receiving this BUI use the money to take care of their basic needs. They still want to work to make more because they will not be penalized. In the current systems, you are penalize if you earn more or over a certain threshold. People are less stigmatized because in effect, everyone gets this. People become more financially responsible, especially women. People are not going into debt because they have to borrow less because they have money now (see: pay day loans). There are many more benefits to this.
If we had the BUI, we could get rid of many of the welfare programs that exist now. These programs serve us well but they limit, stigmatize and for lack of a better word, hold down, those they serve. It would improve our society as a whole. It would help raise millions out of poverty. It would place more money in the hands of the people who in turn would put it back into the economy. There are countries such as Switzerland, Finland, Netherlands and France experimenting with Basic Universal Income. The results have been promising.
Yes, I know what you are thinking. I must be a socialist bastard to promote such a thing. But you should know this is not a new idea. It has been around a very long time. President Richard Nixon was trying to get this done when he was president of these United States. This is how it works. Every man, woman and child would receive a monthly check. The funds would cover basic housing needs, food, etc. It would not be based on how much you earn. It would be the same for everyone.
It has been tested and it has had some good results. People receiving this BUI use the money to take care of their basic needs. They still want to work to make more because they will not be penalized. In the current systems, you are penalize if you earn more or over a certain threshold. People are less stigmatized because in effect, everyone gets this. People become more financially responsible, especially women. People are not going into debt because they have to borrow less because they have money now (see: pay day loans). There are many more benefits to this.
If we had the BUI, we could get rid of many of the welfare programs that exist now. These programs serve us well but they limit, stigmatize and for lack of a better word, hold down, those they serve. It would improve our society as a whole. It would help raise millions out of poverty. It would place more money in the hands of the people who in turn would put it back into the economy. There are countries such as Switzerland, Finland, Netherlands and France experimenting with Basic Universal Income. The results have been promising.
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