What is Universal Basic Income (UBI)? A Simple Breakdown

📌 What exactly is a basic income?

According to BIEN (Basic Income Earth Network - https://basicincome.org/about-basic-income/), it’s a simple but powerful idea:
“A Basic Income is a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement.”

That means it’s:

🟣 Periodic — paid at regular intervals (e.g. monthly)

🟣 Cash — real money you can spend freely

🟣 Individual — paid to each person, not to households

🟣 Universal — for everyone

🟣 Unconditional — no strings attached, no tests, no requirements

It’s not a benefit you have to qualify for.

It’s not something you earn.

It’s something you receive — because you exist.

At Eight, we don’t just believe in basic income — we provide it.

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