In an interview with Bloomberg TV Bulgaria, economist Georgi Nedelchev defines the concept of unconditional basic income. According to him, through unconditional basic income, every citizen can retain his dignity, which is a basic human right. Thus, the state invests in every citizen, regardless of his status.
Nedelchev explains that this investment can be influenced by the average wage in the country. This shows all the pilot projects around the world. The amount of unconditional basic income is strongly related to the labor results and to the produced services and products on the territory of the country, explained Nedelchev in the Boom & Bust show in which he is visiting.
According to Nedelchev, basic income does not refer to a welfare state, but to the development of the state as a whole.
"The social state is dead because social assistance has become a system of abuse and proof of whether a person has or is not entitled to such aid.
The economist believes that the introduction of an unconditional basic income system will completely replace social assistance systems except in the case of people with a particular health condition. Unconditional basic income may be the next step in the development of social relations.