Currently, the most popular of these methods of redistribution is, as mentioned earlier, the universal basic income (UBI). At its core, the idea is simple: every citizen (or every adult) in a country receives a regular income stipend from the government—no strings attached. A UBI would differ from traditional welfare or unemployment benefits in that it would be given to everyone and would not be subject to time limits, job-search requirements, or any constraints in how it could be spent. An alternate proposal, often called a guaranteed minimum income (GMI), calls for giving the stipend only to
...more
