What does the pope have in common with former presidential candidate Andrew Yang, extreme free-market economist Milton Friedman, and Martin Luther King Jr.? Trust us, it's not the punchline to a hackneyed Dad Joke.
With universal basic income (UBI) on everyone's lips, the process of reliably and consistently transferring cash remains surprisingly complex.
Guaranteed income provides unconditional cash payments that can supplement a recipient's earnings. Universal basic income, a form of guaranteed income and a term that might be more familiar to Americans, is based on the premise of giving everyone enough cash to survive regardless of whether they work.