What is the history of universal basic income?

What is the history of universal basic income?

Universal Basic Income (UBI) has roots dating back to the 16th century, with early ideas proposed by Thomas More and later by philosophers like John Stuart Mill. The modern concept gained traction in the 20th century, particularly in the 1960s and 70s, with experiments in the U.S. and Canada.

What were some key experiments in UBI?

Some notable experiments include the Alaska Permanent Fund, which distributes oil revenue to residents, and the Mincome project in Canada during the 1970s, which provided a guaranteed income to families in Manitoba.

How has UBI been received politically?

Political reception has varied widely. Some view UBI as a solution to poverty and job displacement, while others criticize it as too costly or as a disincentive to work.

Are there any countries currently implementing UBI?

Yes, countries like Finland and Spain have conducted UBI trials, and some regions, like California, are exploring similar initiatives.

What are the main arguments for and against UBI?

Proponents argue it reduces poverty and inequality, while critics worry about funding and potential negative impacts on work incentives.