[OPINION] Why Universal Basic Income is a solution to the Philippines’ problems

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'With UBI, individuals can determine what they need most, at the price they deem best.' Opinion by Claro Arriola.

The Philippines ended 2020 with poverty and unemployment percentages at alarming levels – 19.8% and 10.3%, respectively. With problems seemingly insurmountable, and with current solutions being ineffective, I propose Universal Basic Income as the gamechanger solution for the Philippines.

Distribution of cash aid through a UBI can also be much easier, through the ATM networks we already have. If the government wants to provide more aid to specific recipients, it can just credit the funds to their respective accounts. During a pandemic, we can even have combination mobile ATMs/palengkes to increase access to both money and goods.

Individuals can now have the power to select which type of aid they need, too. One person can buy monggo, another can buy their brand of corned beef, yet another can buy a cellphone for their child’s homeschooling needs. With UBI, individuals can determine what they need most, at the price they deem best.Universal programs are easier to implement due to the elimination of evaluation criteria, as compared to welfare with its selection processes.

 

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Yes my favorite solution to every problem 'throw money at it'

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