Because Elon Musk has decided to start talking about a concept he refers to as “universal high income” as being different and seemingly better than universal basic income, I feel the need to set the record straight here.

Simply put, universal high income is a universal basic income that is high enough to be considered “high.” Universal basic income is not a low universal income.

As defined by the Basic Income Earth Network, the international organization founded in 1986 to foster informed discussion around the world about the topic of basic income, the current definition of basic income is “a periodic cash payment unconditionally delivered to all on an individual basis, without means test or work requirement.”

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