A universal basic income (UBI) is the concept that each citizen of a state or of a country would receive a certain amount of money from the government each year without any stipulations attached to it. Alaska already practices a small-scale form of universal basic income with the Alaska Permanent Fund. The Fund uses money from the natural resources found in Alaska to provide a check each year to Alaskan citizens.
Those in favor of a universal basic income believe that UBI could replace welfare programs and allow each individual to choose how their money is spent, whether that is for a cell phone bill, health care, or food is up to them. Additionally, many believe that a UBI provides people the chance to pull themselves out of poverty when used in addition to a traditional income.
Those opposing a universal basic income believe that UBI is far too expensive for a country to implement and would cost more than it was worth. Many also believe that a UBI could disincentivize people from working hard to earn their money. If money is just given freely to people, fewer people may be motivated to get into the workforce, earn their money, and contribute to the economy.
What do you think? Should the United States provide a universal basic income for its citizens?