
Now India Tries Universal Basic Income For 600K Citizens
• https://www.technocracy.news, BY: NIHA MASIHSikkim's ruling party has announced an ambitious plan to implement a universal basic income for every one of its 610,577 citizens.
If successful, the scheme would represent the largest trial run anywhere in the world of a concept that supporters like Facebook's Mark Zuckerberg say could provide a safety net, help alleviate poverty and address the challenge of job automation. Detractors, meanwhile, say it would reduce the incentive to work and would come at a huge expense.
A universal basic income is a regular, guaranteed income paid by the government, universally and unconditionally, to all citizens. It is a cash payment that aims to replace the often-confusing array of assistance states offer to citizens and places spending decisions in the hands of the recipients.