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20. What is Universal Basic Income? A Good Idea? Or An Expensive Waste of Money? (English Vocabulary Lesson)

Thinking in English

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What Is Universal Basic Income?

Universal basic income or UBI is a policy idea which involves governments regularly giving money to every resident. Canada, Finland and parts of India have all run short-term programs to test how effective UBI is in practice. About ten years ago, an experiment in Namibia gave 1000 people $100 Namibian dollars per month for around two years. Earlier this year, Spain announced its intention to bring in a guaranteed minimum income to ease the pressure of coronavirus on poorer families.

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