Jim Rutt defines "universal basic income" (UBI) as an economic policy where the government provides a regular, unconditional sum of money to all citizens, regardless of their income, employment status, or wealth. According to Rutt, the primary goal of UBI is to reduce poverty and inequality while granting individuals the financial freedom to pursue education, entrepreneurship, or other personal endeavors without the constant pressure of economic insecurity. He emphasizes that UBI isn't meant to replace existing welfare programs entirely but rather to serve as a foundational income that simplifies and augments the current social safety net. Rutt also explores the broader implications of UBI on societal well-being and economic stability, suggesting that it could lead to more dynamic and resilient communities in the face of automation and rapid technological changes.

See also: ubi, game theory, evolutionary psychology, crypto