(BusinessInsider) Speaking with Wired editor-in-chief Scott Dadich and MIT Media Lab director Joi Ito in a recent interview, President Barack Obama reaffirmed his belief that universal basic income would be harder to ignore in the coming decades.
UBI is a system of wealth distribution in which the government provides everyone with some money, regardless of income.
The money comes with no strings attached. People can use it however they choose, whether to repair a leaky roof or to go on vacation. Advocates say the system is a smart and straightforward way to lift people out of poverty.
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