Universal Basic Income

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Universal basic income (UBI)[note 1] is a sociopoliticalfinancial transfer concept in which all citizens of a given population regularly receive a legally stipulated and equal financial grant paid by the government without a means test.[2][3]

Universal basic income (UBI) is a government program in which every adult citizen receives a set amount of money regularly. The goals of a basic income system are to alleviate poverty and replace other need-based social programs that potentially require greater bureaucratic involvement. The idea of universal basic income has gained momentum in the U.S. as automation increasingly replaces workers in manufacturing and other sectors of the economy.