What is a Basic Income Grant (BIG)? and what happened in Namibia?
A Basic Income Grant (BIG) is a form of social security in which all citizens or residents of a country regularly receive an unconditional sum of money from the government, regardless of their income, resources or employment status. The main goals of a BIG are to provide a basic standard of living for all citizens and to alleviate poverty and income inequality[1][2]. Pros of a Basic Income Grant Alleviating poverty and income inequality A BIG would provide a steady income to all citizens, which would significantly reduce poverty and income inequality. The regular payments would help ensure that everyone can meet their basic needs[1][2]. Improving health and wellbeing By reducing poverty and providing financial security, a BIG would have positive impacts on physical and mental health. It would reduce stress and allow people to better afford healthcare, food, housing and other necessities[2][4]. Reducing administrative costs Compared to traditional welfare programs, a BIG would be simple...