Universal Basic Income-Free Money For All

Introduction (UNIVERSAL BASIC INCOME)

How would you feel if I tell you that the government, without any conditions, would give you 1000 rs for free ? And not just once. The government will give you 1000 Rs for free every month and not just you, every citizen of the country would get 1000 Rs for free every month.

How would this make you feel? You might think that this is sheer madness. This is not possible and that I am joking But this is an economic policy(universal basic income) which is being seriously considered in many countries in the world today. In fact, it is also being implemented in many places across the world today. This economic policy is called Universal Basic Income

In today's, let us find out What is basic universal income. What are its benefits and disbenefits? And some examples/experiments on universal basic income

What Is Universal Basic Income?

Universal- That is, for all Basic Income- that is, a basic level income being given to everyone for free.

First, the most important question- What is the point of Universal basic income?What was the need for the government to distribute money for free to everyone's Is money now growing on trees that the government is doing this?

What is the reason behind this UBI(Universal Basic Income)?

One of the most important reasons is the job losses that are happening and will happen due to automation and AI.

AI Experts believe that there will be so many job losses that not everyone will be able to secure a job in the future And the people would not be able to bear their expenses in the absence of a job So it is necessary to give them some money for free to help them afford a basic standard of living So that they are able to afford food and a house and live a good life without a job.

Let me give you some examples of job losses due to automation Today, self-checkout counters have been installed in the supermarkets of many developed countries Normally, a person sits at the counter in supermarkets and scans the bar codes of your items And then you pay your bill and leave But self-checkout counters have been installed in many countries You can scan the barcodes on your own and leave. So, there would be no use of those employees Similarly, self-checkout screens have been installed in McDonald's  

Recent In India (Universal Basic Income)

Universal Basic Income is being talked about to compensate for all of this But talking about very recent events, ever since the coronavirus crisis has unfolded, there have been so many job losses already ans so many businesses have floundered. 

That the idea of UBI is being considered almost in a fast-forward manner For instance, Spain has declared that it has already started the implementation of a UBI scheme under which 462 Euros will be given to every citizen, every month Basic minimum earnings for everybody so that there is nobody that is having to sleep on the street So guaranteed basic income or universal basic income?100 percent... I think that's really important. 

*A lot of famous people and entrepreneurs of this world have promoted the idea of UBIF or example, you just heard Richard Bronson. Similarly, Elon Musk also believes that Universal Basic Income is inevitable. It has to be enforced one day or another.

There will be fewer and fewer jobs that a robot cannot do better And I think ultimately we will have to have some kind of universal basic income. I don't think we're going to have a choice Universal Basic income?

American President Candidate Promises to give Universal Basic Income If he Won

Universal Basic income. I think it's going to be necessary. There was a presidential candidate named Andrew Yang in the recently conducted primary elections in the US is entire political campaign was based on Universal Basic Income. He promised a sum of 1000 dollars per month to every American citizen if he became the President. The ones in support of UBI argue that if it is enacted, it would encourage equality in the nation and society Poverty would be eradicated because everyone would be given enough money to bear his own expenses and be able to afford a decent standard of living So nobody would remain poor any longer.