The Case for Universal Basic Income: A Path to Permanent Economic Prosperity
The concept of Universal Basic Income (UBI) has garnered significant attention in recent years, as proponents argue that it offers a solution to many of the systemic issues current welfare programs face. Unlike traditional means-tested welfare, UBI provides regular, unconditional payments to every citizen, irrespective of income or employment status. Advocates claim this model can reduce poverty, promote economic growth, and increase individual freedom. This article argues that replacing the current welfare system with a UBI would create permanent economic prosperity by fostering higher productivity and eliminating the poverty trap. The Broken Welfare System The existing welfare system in the United States has long been criticized for its inefficiency and inability to lift people out of poverty. As Genevieve Wood from *The National Interest* pointed out, after over five decades of welfare programs and trillions of dollars spent, poverty rates have remained essentially unchanged, with ...