Riea Singh

Political Studies 12
2021-04-13
UNIVERSAL
UNIVERSAL BASIC
BASIC INCOME
INCOME

( UBI
UBI )
A set amount of income given through the UBI government program
to citizens daily

PURPOSE
Be a substitute for need-based
social programs
To aid in decreasing poverty
To provide financial security
To cover the basic "cost of living"
: HOW
HAS IT BEEN ATTEMPTED :
Typically two ways to help fund UBI:
1. Increase taxes for the wealthy
2. Increase taxes for large
corporations

WHERE HAS IT BEEN

Survey shows Canadian interest in a universal

ATTEMPTED :

Alaska in since 1982

-RCI Sept. 17, 2020
basic income

Kenya through GiveDirectly

via mobile to poor
households since 2011

Many countries are experimenting

with UBI through pilot programs like:
WHO S ELIGIBLE ' ?
Ontario in through a three-year
Depends on the program in each country... universal income program to
May be guaranteed to all citizens provide 4,000 residents this income
OR Finland through a two-year providing
To only those beneath the poverty line
2,000 unemployed people a UBI

You can be working at a job or not Basic Income Experiments Around the
World- Visual Capitalist (Sept. 18, 2020)

Survey shows Canadian interest in a universal basic income

https://www.rcinet.ca/en/2020/06/18/survey-shows-canadian-interest-in-a-universal-basic-income/

Basic Income Experiments Around the World

https://www.visualcapitalist.com/map-basic-income-experiments-world/
:
SECRUOS

Universal Basic Income (UBI)

https://www.investopedia.com/terms/b/basic-income.asp

What is Universal Basic Income? A brief history.

https://www.pinterest.ca/pin/382031980881016372/

What Is Universal Basic Income?

https://www.thebalance.com/universal-basic-income-4160668

Universal Basic Income

https://environmental-conscience.com/wp-content/uploads/2020/06/universal-basic-income-pros-
cons.png

Universal basic income – Pros and cons

https://www.economicshelp.org/blog/17048/government/universal-basic-income/

Offset job losses due to of demand for goods &

technology advancement services= Inflation

Guaranteed income & aids citizens no jobs Inflation will potentially counteract a
or not financially sustaining jobs good standard of living
GDP may (country's value of
financial duress
finished goods for a time period)
May mitigate worker exploitation
Make work & jobs seem
Allow people to wait for financially better jobs optional for people

time availability for continued of people in the labour market

schooling and familial duties
in federal
Helps remove 'poverty traps'
programs to assist
Poverty trap: When the poor earn
more & government assistance
the needy
decreases. The offset of income
May not make a difference to
creates a lower income than before.
poverty-stricken families as the
May bureaucracy system reduced program may give smaller
Bureaucracy: Government's decisions payments than without
are made by state officials- not elected
representatives Potential taxes
to accommodate UBI
Less costly than providing traditional welfare
Unfair to people- the rich may not need
birth rates due to more financial UBI but will still receive it (inequity)
stability for couples; potential
increase the future economy Won't be sustainable for the
government & economy in the
Payments will help balance
future as it is costly
economy during recessions

Offers good foundations to start businesses

Creates a wrong incentive for immigration