Pope Francis emphasized that global UBI is not only about poverty relief, but is also a matter of social justice, addressing centuries of resource exploitation and wealth concentration.
The model proposed can fund a global UBI through a $135 per tonne charge on fossil fuels, potentially generating $5 trillion yearly and providing economic security.
Implementation of UBI would require not just commitment but also sustainable financial strategies, including progressive wealth taxes on the ultra-rich, aimed at equitable resource distribution.
Critics highlight costs of UBI, but models suggest it's achievable through targeted taxes on fossil fuels and the wealthiest, promoting economic equality and climate justice.
#universal-basic-income #climate-justice #economic-inequality #social-justice #wealth-redistribution
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