The Universal Basic Income Proposal Will Shock You

WASHINGTON — 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.

As proposed and if triumphant, the UBI would guarantee monthly payments of up to $1,200 per month for adults and $600 for kids. The program is estimated to cost $876 billion annually.

The House introduced two bills, SUPPORT and GPI, to bring the UBI idea into existence. The bills will create a program to fund local UBI tests and establish a new economic metric to measure well-being.

The Sending Unconditional Payments to People Overcoming Resistances to Triumph (SUPPORT) Act will create a guaranteed income program of up to $1,200 per month for adults, and $600 for kids, following pilot programs in localities nationwide. The Genuine Progress Indicator (GPI) Act will provide an alternative economic metric to supplement GDP calculations and revamp our economic policy lenses by including overlooked socioeconomic and environmental costs and benefits of economic productivity.

"The wealthiest country in the world is not living up to its promises," said Rep. Dwight Evans (D-PA). He went on saying that Americans need help with both material needs like food and shelter as well emotional ones such as stability at home or work if they are able but suffer from poverty because of an ever changing economy where one job may not provide enough income for two people who want nothing more than basic sustenance while also having some left over each month after paying bills just so there will be something available when payday comes along again next week.

Other Featured Posts

Scholarships & Grants for College and Graduate School

Grants and scholarships for furthering your education share one common characteristic: the money you get is not to be paid back. The harsh economic realities in the contemporary world present many students aspiring to impr...


Education Grants For The Unemployed

Finding yourself unemployed can be quite irritating. It could be depressing having to wake up each day and wonder just how you are going to survive through to the next day. Thankfully, there is great news if you are interested in getting ba...


Get a Free Cell Phone from the Government

If you are struggling financially and having trouble finding work, there are numerous cell phone providers that can provide you with a free phone through the government. You can obtain your phone by completing the following steps. S...


Home and Housing Grants

You might be wondering if it's true that housing grants can be obtained free of cost, and truthfully, it's a bit of a yes-no situation. You can find federally endorsed programs that assist with general housing, rental establishments and down payments. ...