Universal Basic Income (UBI) has picked up political momentum in recent years, most notably with former presidential candidate Andrew Yang’s campaign. Pope Francis joins other notable people such as tech entrepreneur Elon Musk, Twitter CEO Jack Dorsey, and former President Barack Obama to come out in support of UBI.
The Head of the Catholic Church went on to acknowledge the need to dignify essential workers such as farmers and cooks. A basic income would highlight their important role in the economy, and stave off financial exclusion in favor of large businesses. His comments come in light of the issues arising from the Coronavirus pandemic, which has hit the surrounding country of Italy particularly hard.
Back in February, the Pope also called upon economic leaders to reduce the rising income inequality throughout the world. He took the rich to task, citing that the 50 wealthiest people could single-handedly provide universal healthcare and education to the poor. Representatives from Argentina, El Salvador, France, Mexico, and Paraguay were in attendance.
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