Pasteur Institute of India
Universal Basic Income (UBI) is not a utopian fantasy but a practical solution to systemic issues like poverty, inequality, and the challenges of the modern economy. UBI aims to secure basic human rights, such as shelter, food, and dignity by providing every citizen with an unconditional recurring payment.
Economic inequality has reached alarming levels. According to the World Inequality Report, the top 1% globally captured nearly 20% of the world’s income in 2021, while the bottom 50% earned only 8%. The United Kingdom alone spends billions on welfare programs like Universal Credit, yet more than 4 million children live in poverty as of 2023. The inefficiencies in current systems highlight the urgency for a simpler and fairer alternative.
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