Jay Sawyer of Chicago Asks If All People Should Have Universal Basic Income

Jay Sawyer of Chicago Asks If All People Should Have Universal Basic Income

Jay Sawyer of Chicago is Curious to Know Whether Universal Basic Income (UBI) Is Good for America

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Jay Sawyer from Chicago asks if all people should have Universal Basic Income (UBI)

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According to him, there are many benefits of UBI besides ensuring a minimum standard of income for everyone

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For instance, it avoids the disincentive to work that can occur with meanstested benefits; and in times of crisis, a UBI can also provide a social safety net with minimum admin costs.

He very well Explains Universal Basic Income 

According to him, a universal basic income provides everyone with a minimum living wage, whether they are employed or otherwise

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It is a program where every citizen receives a flat monthly payment, regardless of whether they're working and earning an income or not

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It may help remove the "poverty trap" from traditional welfare programs

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Moreover, the Americans could have simple, straightforward financial assistance that minimizes bureaucracy

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He explains that those who are legally disabled would have a choice between collecting SSDI and the $1,000, or collecting SSDI and SSI, whichever is more generous.

However, there are Some Disadvantages that cannot be Neglected

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According to Jay Sawyer from Chicago, a reduced program with smaller payments won't make a real difference to poverty-stricken families

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Moreover, free income could perpetuate the falling labor force participation rate

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There won't be an increased standard of living in the long run because of inflated prices

Thank You Jay Sawyer, Chicago