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Research Paper | Economics | India | Volume 12 Issue 11, November 2023 | Popularity: 5.3 / 10

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Universal Basic Income: A Comprehensive Examination of Economic Security and Social Equity

Arav Wahi, Saksham Goel

Abstract: Universal Basic Income (UBI) is a tantalizing concept with the potential to revolutionize economic security and social equity. In a world characterized by stark income disparities and a dynamic job landscape, UBI emerges as a beacon of hope, promising financial stability and personal empowerment for all. This research explores the intricate fabric of UBI, unraveling the economic complexities of funding, taxation, and sustainability, while also embarking on a social journey to understand how UBI can empower individuals to shape their destinies. Through case studies and real-world experiments, we investigate the successes and challenges faced by nations implementing UBI. We embark on an intellectual odyssey to realize a world where economic security and social equity are not just ideals but tangible realities, and where opportunities and choices abound for every citizen.

Keywords: Universal Basic Income, UBI, economic security, social equity, poverty alleviation, financial empowerment, case studies

Edition: Volume 12 Issue 11, November 2023

Pages: 324 - 326

DOI: https://www.doi.org/10.21275/SR231102175824

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