The governments should give each citizen a basic income so that they have enough money to live on, even if they are unemployed. To what extent do you agree or disagree?

At present, some are calling for the institution of universal basic
income
for all citizens. Personally, I agree that
this
policy benefits the improvement of living standards, from the long-term perspective, while I still believe that it will be a potential risk overall for a country. On one hand, it is undeniable that universal basic
income
is an advantageous tool in terms of living conditions. Simply because it enables all citizens to have stress-less life, resulting in less homeless. For employed people,
this
extra amount of money will be a new opportunity for them to have a financial investment and other preferable activities. For unemployed people,
this
bailout money enables them to meet their basic needs and better healthcare treatment.
Therefore
, issuing universal basic
income
is beneficial for living standards for all citizens.
On the other hand
, a basic
income
scheme is risky and not sustainable in the long run for a country.
First
and foremost, it decreases the incentive to work, owing to the fact that most unemployed people could largely depend on
this
subsidy, rather than find jobs in the future. In
this
way, the unemployment problem is still unsolved and may cause
further
potential problems,
such
as inflation.
Furthermore
, the living conditions may not be improved because
this
scheme requires a larger amount of expenditure to invest, and governments have to rise the whole tax rate in order to proceed with
this
project for all time.
Therefore
, the working population will spend more
income
on tax and they could not enjoy a more comfortable and qualified infrastructure system and healthcare due to a lack of financial support from governments.
Consequently
, on the long-term level, universal basic
income
should not be supported and it leads to insecure possibilities for a nation. In conclusion,
although
a basic
income
scheme can meet the basic needs of the unemployed population, it is unsustainable and dangerous for the development of a nation in the long run.
Submitted by Esther on

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Topic Vocabulary:
  • basic income
  • financial security
  • unemployed
  • poverty
  • support
  • discourage
  • economic growth
  • taxes
  • budgetary strain
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