Universal Basic Income

 TOPIC 1 Universal Basic Income

The Universal Basic Income is defined as a basic income for all people in age to work without care if are working or not. Although is a good idea, exist some people that approve and another than disagree. The people who agree think it is a good idea that will help people cover her basic needs. The income could yield more free time to spend wherever they want, such as in study, sport, or even another job; those thoughts or ideas could bring dynamism to the economy by providing some money to all the population that they will spend on things or services.

In other matters, the people against the Universal Basic Income think that this income could weaken the economy. If the people had a basic income and did nothing, they would be doing things that the markets don't want or that society doesn't need at this moment. This can contract the economy and reduce productivity since the things that need to be produced won't be produced, increasing the price and creating inflation. Besides maintaining this basic income, all people must pay a new tax for those who won't work or contribute to society.

In short, personally, I think that a universal basic income could be feasible with some restrictions and strategies, such as not creating a new tax. Nevertheless, the companies that have a lot of income should share those profits with their collaborators, providing a basic income and increasing their quality of life. In addition, reducing the income gap is possible because we are living in a new automation era where the latest technologies can bring us more free time for the same productivity result.