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Showing posts with the label economics

From Survival to Flourishing: Universal Basic Income and the Promise of Universal High Income

In a world where technological advancements are reshaping the landscape of labor and economics, the discussion of Universal Basic Income (UBI) and its more ambitious counterpart, Universal High Income (UHI), has taken center stage. While both concepts aim to provide financial security, their goals and implications are profoundly different. Universal Basic Income: A Foundation for Survival UBI is designed to meet humanity's basic needs. It provides every individual with a guaranteed amount of money, enough to cover essentials like food, shelter, and healthcare. The idea behind UBI is simple: no one should have to struggle to survive in a world of abundance. By eliminating the stress of day-to-day survival, UBI offers individuals the opportunity to explore their passions, creativity, and potential. For many, UBI would mean freedom—freedom from the grind of low-paying jobs, freedom to pursue education, and freedom to spend time on what truly matters. It’s a stepping stone, a means to ...