Amid the economic crisis caused by the COVID-19 pandemic, economic support programs have been implemented to assist the most vulnerable people in coping with the situation. Some are provided by governments, while others come from individuals and social groups.
Within these programs, three key concepts stand out: minimum income guarantee, universal basic income, and universal exchange basic income. Although they may sound similar, it is important to understand the differences between each of them.
• Minimum income guarantee is a type of economic assistance aimed at people in poverty or vulnerability. It is a monthly financial benefit granted by the government with the aim of ensuring a decent standard of living for those in precarious situations. This type of income is subject to certain requirements and is usually granted through a formal application process in which certain eligibility criteria must be demonstrated.
• Universal basic income is a broader and more radical concept that proposes to guarantee a monthly income to all individuals, regardless of their economic or employment situation. The idea behind universal basic income is to eliminate poverty and ensure a decent standard of living for all citizens, without discrimination or conditions. This approach aims to promote equality and social justice through the redistribution of wealth.
• Universal exchange basic income is a concept that combines elements of basic income and economic exchange. In this model, it is proposed to provide a basic income to all citizens, but in exchange, certain obligations or contributions are established for the beneficiaries. These contributions may be related to participation in community activities, the performance of voluntary work, or the fulfillment of certain conditions to receive the benefit.
Within this last point is our project, RBIU.ORG.
The website rbiu.org specifically focuses on universal exchange basic income (RBIU), which combines elements of basic income and economic exchange. In this sense, it provides detailed information on how this model works and how it can be implemented in today’s society. Additionally, it also emphasizes the importance of active citizen participation in community activities and in contributing to social welfare in exchange for receiving RBIU through the social currency λóγος (Logos).
Join the Logos social currency revolution with the RBIU project! 👉🏻 https://www.rbiu.org/