Establishing Universal Basic Income in disadvantaged communities.
Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status. The purpose of the UBI is to prevent or reduce poverty and increase equality among citizens.
UBI is also known simply as basic income. According to the advocacy group Basic Income Earth Network (BIEN), the essential principle behind basic income is the idea that all citizens are entitled to a livable income, whether or not they contribute to production and despite the particular circumstances into which they are born.
BIEN lists the following five defining characteristics of basic income:
- Periodic: Distributed in regular payments,
- Cash payment: Distributed as funds rather than, for example, vouchers for goods or services.
- Individual: Each citizen (or adult citizen) receives the payment, rather than each household.
- Universal: All citizens receive the payment.
- Unconditional: Recipients are not required to demonstrate need or willingness to work.
UN Sustainable Development Goals
This Action Project has been assessed by dHealthNetwork to meet the criteria of the following UN Sustainable Development goals: