REVEAL BUSINESS MAGAZINE DECEMBER 2020 |
59
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Universal Basic Income F INA NCI AL SER I ES: PART 1 O F 6 by: Brandon Currie In this 6-part series I will shed an explanatory light on Universal Basic Income (UBI). My goal here is to assist you in understanding the fundamentals of this common yet complex term, so that you will feel confident forming educated, enlightened conclusions and opinions of your own. Editorials and opinion pieces are great, but as always, a firm grasp of the absolute facts is essential.
Let’s begin this series with an interesting history of social programs across the world and the landscape of financial social programs in Canada, including the UBI.
Documented social programs have existed in some shape or form since at least 500 B.C. when the Romans would hand out free or heavily subsidised grain to help feed the poor. I don’t think I’d be reaching if I stated that organized communities have supported those in need since the beginning. Maintaining the health of the group is after all an aspect of selfpreservation. However, for our purposes, the most recent historical reference of individual social programs begins back in the 1800s.
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