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What is basic income?


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  • 3 weeks later...

On the foundation of automation people start worrying that most of the jobs will be made by robots while for human beings it will not be possible to earn money for living.

Basic income is a social protection system provided by the government or other public institution, where each individual receives regularly a certain amount of money to ensure his existence, absolutely unconditionally and absolutely independent of the existence or the level of other income earned from other sources, such as income from work. In order to receive basic income unconditionally, people should not provide any evidence of the need for social assistance and should not provide any counter-service for money.

The idea of ​​basic income is currently developing and faces a lot of criticism at the moment, one of the most common critics being that people will not work anymore if they would have an unconditional regular income.

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