Besides it refers to the type of cash payment that is

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fixed income sufficient to perform their social functions and support their lives in dignity. Besides, it refers to the type of cash payment that is unconditional to everyone regardless of employment or wealth status and without stipulations and requirements. Similarly, it is a fixed income that is enough for a basic standard of living, which is given to all citizens regardless of their work status (Brown). Prominently, it would be beneficial for the working class or employed.
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Surname 2 According to a study from Roosevelt Institute on November 27, 2017, “universal basic income could provide a $2.48 trillion increase in the nation’s gross domestic product after eight years.” In addition, the study deliberated on three distinct suggestions, namely “a basic income of $1,000 per month to every adult,” $500 per month to every adult, and a child allowance of $250 per month. “The larger the sum, the more significant the positive economic impact” (Brand). The planned $1,000 remuneration would develop the economy by 12.56 percent over a period of eight years, translating to growth in the GDP (Ben). Furthermore, if children are paid per month, the GDP is projected to increase by 0.79% per year, which will affect the economy
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  • Spring '16
  • Economy of the United States, UBI, Guaranteed minimum income

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