This article explores the conceptual difference between Universal Basic Income (UBI) and Universal High Income (UHI), focusing on the financial mechanisms required to sustain them. A key proposal discussed is the implementation of a global carbon tax to generate the necessary trillions in revenue. By pricing carbon at approximately 135 dollars per tonne, proponents suggest the world could generate up to 5 trillion dollars annually. This funding could provide a consistent income floor for the global population while simultaneously incentivizing the transition to renewable energy and decarbonization.
