Spain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they plan to “do it as soon as possible, so it can be useful, not just for this extraordinary situation, and that it remains forever.”
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Spain to Invoke a Permanent Basic Income System
Spain’s minister for economic affairs Nadia Calviño told the Spanish broadcast, La Sexta, that universal basic income (UBI) was coming to the country “soon.” UBI has been a trending topic for years now, since central banking practices and currency inflation fueled wealth inequality. The concept has multiple names, which include “guaranteed annual income,” “universal demogrant,” “basic living stipend,” and the “citizen’s basic income.” UBI proponents wholeheartedly believe that a basic form of income should be a sovereign right and a few believers think that the income should be unconditional as well. The money, of course, would stem from the government and the concept would become a long term public program.
The wake of the economic fallout from the novel coronavirus has prompted Spain’s leaders to initiate the start of a UBI program. The plan is to provide financial relief to low-income Spaniards and Calviño cited covid-19 as the primary reason, but also noted the program would be permanent. “We’re going to
