Pros and Cons of Universal Basic Income?

Universal Basic Income (UBI) is a social welfare system that provides all citizens with a fixed amount of income to cover their basic needs. One of the advantages of UBI is that it eliminates poverty and ensures all citizens have access to basic necessities. It can also boost the economy as people have more disposable income to spend. However, the implementation of UBI requires a significant amount of funds that may come at the expense of other social programs. It may also discourage people from participating in the workforce and lead to inflation if not implemented correctly. Additionally, UBI does not address other social issues such as inequalities in education and healthcare.

This mind map was published on 4 May 2023 and has been viewed 119 times.