The Berlin universal basic income idea is workable

A basic income is a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money, either from a government or some other public institution, in addition to any income received from elsewhere. And in Berlin the universal basic income idea is spreading wide and growing.

Mein Grundeinkommen
Mein Grundeinkommen ©PDA

As said The Local, “Miko from Berlin may only be five, but he already has €1,000 ($1,063) per month to live on – not from hard graft, but as part of an experiment into universal basic income.”

Universal basic income is a system in which all citizens receive a standard amount of money each month to cover basic expenses like food, rent, and clothes. And also Elon Musk is sure on universal basic income: “It’s going to be necessary”.

Basic income to support people
Basic income to support people

A wide variety of basic income proposals are circulating today. They differ along many other dimensions, including in the amounts of the basic income, the source of funding, the nature and size of reductions in other transfers that might accompany it, and so on.

There has recently been a surge of interest in basic income. The idea is that a monthly income should be paid, unconditionally, to either every resident citizen or legal resident, perhaps with legal migrants required to wait before qualifying.