Universal Basic Income

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This accessible introduction presents the radical idea that a small, regular cash income sufficient for basic needs should be provided unconditionally to every citizen. The growing movement for universal basic income (UBI) has garnered significant attention, advocating for a regular cash grant as a right of citizenship. This volume in the Essential Knowledge series offers a concise, non-academic overview of UBI, aiming to inform readers by addressing key questions: What is UBI? How does it function? What are the arguments for and against it? What evidence supports these claims? Karl Widerquist explains how UBI operates and distinguishes it from other redistribution methods. He outlines common arguments for and against UBI, emphasizing its potential as a crucial reform. The discussion includes the estimated costs of UBI, funding options, and existing evidence regarding its effects. Additionally, it traces UBI's history from its origins over two centuries ago through the significant support it has received in the twentieth century to the current surge in interest. Given the present global conditions, the enthusiasm for UBI is likely to continue growing, suggesting that this wave of support may lead to its implementation in several countries, making this volume particularly timely and essential.