Democracy & Good Governance In The Cayman Islands
Basic income, also called universal basic income (UBI), citizen’s income, citizen’s basic income, basic income dividend, basic living stipend, guaranteed annual income, or universal demogrant, is a governmental public program for a periodic payment delivered to all adult citizens of a given population without a means test or work requirement.
Basic income can be implemented nationally, regionally, or locally. An unconditional income that is sufficient to meet a person’s basic needs (i.e., at or above the poverty line ) is called a full basic income.
A number of countries have implemented a citizens basic income, with the most recent being Spain, and Germany (by way of a high court ruling). Citizens are shareholders in the government, as they would be in a corporation and as such are entitled to a dividend paid in monthly installments. Read More