Universal basic income or basic income guarantee is a term that use to define that every individual living on this planet should get a minimum wage from which they can fulfill their basic needs i.e. Food, Clothes, and Shelter. This solves everything like poverty, illiteracy, crime & terrorism and so so many more problems. Here is a great video to why universal basic income or basic income guarantee is important.
The problem with UBI or BIG right now is not having enough funds that a government can allocate to pay every citizen a basic income. A lot of 2020 Presidential Candidates like Bernie Sanders, Andrew Yang and Elizabeth Warren talked about plans on how they can do it by adding tax on rich people or giving away a $1000 but we can’t actually be sure which plan will work until we see it happening.