Universal Basic Income

• Wikipedia definition:

        "[A] theoretical governmental public program for a periodic payment 
        delivered to all citizens of a given population without a means test 
        or work requirement."

Wikipedia on UBI

• Not an offer of employment

  • Hence, different from JG

• Not means-tested

  • Hence, different from current "welfare" programs and Food Stamps

• Not counter-cyclical

  • Does not vary with respect to macroeconomic conditions