There is considerable chatter about a universal basic income (ubi) both here in the United States and abroad. The argument is probably amplified in smaller economies, but there are some interesting points (from a financial perspective) that I'd like to discuss (and compare with the notion of compliance) in this article.
First of all, a waxed-over definition: the ubi is a bit of socialism, where some government distributes a fixed amount of money to persons (citizens) for a set period of time, regardless of their current economic status (ie. cash on-hand, employment, etc.). What is not known (only evaluated) by the government are the intentions and use cases of the resources by its recipients.
