The idea of Universal Basic has been talked about centuries ago.
But the economy faculty in the university in the world hardly talk about it. Why?
Ancient Egypt had a strong, unified theocratic state that owned key parts of the Egyptian economy, including granaries that dispensed grain to the public during hard times.[14]
In a 46 BC triumph, Roman general and dictator Julius Caesar gave each common Roman citizen 100 denarii. Following his assassination in 44 BC, Caesar's will left 300 sestertii (or 75 denarii) to each citizen.[15] Trajan, emperor of Rome from 98 to 117 AD, personally gave 650 denarii (equivalent to perhaps US$430 in 2023) to all common Roman citizens who applied.[16]
It is good to have Universal Basic Income (UBI) in Malaysia, however, we would like to suggest basic incomes with conditions as Malaysians are generally not well informed about social economy and social classes. As now the politicians are in the mental health status, more thinking of religions and races. Thus this would not be possible to let the people see the function of UBI.
https://en.wikipedia.org/wiki/Universal_basic_income
We have discussed about UBI in the pase, will come back to have it discussed late. Watch how this economist talk about UBI in Malaysia.
What if we just gave people money, no strings attached? This episode dives deep into Universal Basic Income as more than just a wild idea. With wage gaps growing and the rich getting richer, could UBI be the reset button Malaysia needs? The panel doesn’t shy away from tough questions like "Who’s gonna pay for this?" and "Will it actually work?" but they also throw out some bold answers that might just surprise you.
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