28, March 2019 28/03/2019 – Posted in: THINK & WRITE

UNIVERSAL BASIC INCOME

 

WHAT TO WRITE

 

Positives

  • Unconditional cash transfer from time to time.
  • Help in reducing poverty.
  • Help in increasing purchasing power of a poor person.
  • Additional income.

Negatives

  • Make people lazy.
  • Non availability of workers.
  • Missuse of additional income (alcohol, drugs etc.).
  • Fiscal burden in government.
  • Mainly funded by indirect taxes, result in inflation.
  • Chances that UBI would become as add-on to existing subsidies.