Universal Basic Income Act
A resolution to increase basic welfare.
Category: Social Justice
Strength: Significant
Proposed by: Oceanialia
Description: The World Assembly,
RECOGNIZING that all economic systems, including but not limited to capitalism, communism, socialism, and mixed, are capable of promoting and carrying out industrial, commercial, and private development(s),
ACKNOWLEDGING not all persons have access to employment due to socioeconomic status, government restrictions, or other factors,
ADMITTING that the well-being of denizens is partially driven by financial & economical factors,
REALIZING that nations must be able to balance the needs of the economy with the needs of the people,
DECLARING that the provisions outlined in this Act shall not be withheld on the basis of ideology, notwithstanding that all nations are equal before this World Assembly,
HEREBY PROCLAIMS:
1. That it is recommended for all nations to instate a universal basic income program for their denizens via the private sector.
2. That the term "denizen" is defined as "a citizen and/or permanent resident of a certain nation."
3. That all said denizens are eligible for said universal basic income program.
4. That such universal basic income program complies with any existing financial standards instated by the World Assembly.
5. That each individual nation is not entitled to provide financial assistance of any kind to denizens of other nations, specifically under the provisions of this Act.
6. That each individual nation's said universal basic income program's periodic payment must be equivalent to the nation's minimum income per individual required to ensure a denizen's survival.
7. That each individual nation must deliver said universal basic income program's periodic payment on the first day of each month.