UBI is distinct from a Guaranteed Basic Income.
Nick et al. ’22 [Abby; 5-3-2022; Community Learning Research Fellow; Maddie Granato, director of the Connecticut Women’s Education and Legal Fund; Stefanie Chambers, Professor & Chair at Trinity College; “The Benefits of Guaranteed Basic Income: Lessons from Advocates”; Center for Hartford Engagement and Research; https://www.trincoll.edu/cher/blog/abby-nick-cwealf/; accessed 7-2-2023; Lowell-EL]
Universal Basic Income is a model where income is distributed universally meaning every citizen is given the same sum of money per month. UBI is unconditional, with no strings attached and no work or financial requirements, meaning the 1% and those in poverty receive the same cash (Pinto, 4).
Guaranteed Basic Income provides cash payments to specific, targeted communities of people. This system specifically targets inequality by giving the money to those who need it: people living below the poverty line, those with inconsistent or no income, and marginalized communities, specifically communities of color. In this system, people who don’t struggle to meet their basic needs do not receive cash payments (Pinto 3).