Yea or Nay Voting
Universal Basic Income
Universal Basic Income (UBI) is a social policy proposal where the government provides all citizens with a regular, unconditional sum of money, regardless of employment status or income level. Advocates argue that UBI could reduce poverty, support economic stability, and adapt to job automation. Critics worry about its cost, potential impact on workforce participation, and effects on inflation. Countries like Finland, Canada, and the United States have experimented with UBI pilot programs, sparking further debate on its feasibility and long-term impact.
Poverty Reduction & Economic Security
Supporters: UBI ensures a safety net, reducing poverty and financial insecurity.
Critics: Existing welfare programs might be more effective and better targeted.
Impact on Employment & Workforce Participation
Supporters: UBI allows people to pursue education, entrepreneurship, or caregiving.
Critics: It could discourage work and reduce labor force participation.
Funding & Economic Feasibility
Supporters: Suggest taxing wealth, corporations, or automating industries to fund UBI.
Critics: Argue that large-scale UBI would require high taxation or deficit spending.
Automation & Future of Work
Supporters: As AI and automation replace jobs, UBI provides financial stability.
Critics: Believe new jobs will emerge, making UBI unnecessary.
Inflation & Market Effects
Supporters: Claim that well-designed UBI would boost consumer spending and economic growth.
Critics: Fear that increased purchasing power without productivity growth could lead to inflation.