Legal Definitions - ubi

UBI

UBI stands for Universal Basic Income. It is a government program that provides a fixed amount of money to every citizen, regardless of their income or employment status.

• Alaska's Permanent Fund Dividend is an example of UBI. Every year, each Alaskan resident receives a share of the state's oil revenue.
• In 2019, Democratic presidential candidate Andrew Yang proposed a UBI of $1,000 per month for every American adult.

These examples illustrate how UBI provides a basic level of financial security to all citizens, regardless of their circumstances. It is meant to alleviate poverty and reduce income inequality.