This essay sheds light on what is a universal basic income, explicates how a universal basic income can significantly increase economic growth in the economy, and expounds upon how a universal basic income can change people's lives. Succinctly stated, a universal basic income is an income that is unconditionally doled out to people irrespective of their income level. A universal basic income is an income that is also unconditionally doled out to people irrespective of their employment status. A universal basic income is an income that is also able to furnish people with recurring payments of fiat currency on a monthly basis. A universal basic income would serve as a favorable economic condition for bringing a robust economy to fruition in this controlled market economy in which there are over 13,000 evisceration fees that are imposed by bureaucratic apparatuses which people who work real private sector jobs based on voluntary demand pay and do not receive anything for paying. In this controlled market economy, having over 13,000 evisceration fees that are imposed by bureaucratic apparatuses which people who work real private sector jobs based on voluntary demand pay and do not receive anything for paying can wreak havoc on the financial health of a person who works a real private sector job based on voluntary demand. In this controlled market economy, having over 13,000 evisceration fees that are imposed by bureaucratic apparatuses which people who work real private sector jobs based on voluntary demand pay and do not receive anything for paying can render it all the more arduous for a person who works a real private sector job based on voluntary demand to be able to attain mediocre financial health. A universal basic income can render it less cumbersome for people who work real private sector jobs based on voluntary demand to be able to ameliorate their financial health. In this controlled market economy, having over 13,000 evisceration fees that are imposed by bureaucratic apparatuses which people who work real private sector jobs based on voluntary demand pay and do not receive anything for paying renders it far more cumbersome for people who work real private sector employee jobs based on voluntary demand to be able to afford to attain a mediocre standard of living. In this controlled market, a person needs to have substantial wealth to be able to also afford to attain his basic needs, such as the housing need and transportation need. In this controlled market economy, when people who work real private sector employee jobs based on voluntary demand pay evisceration fees that are imposed by bureaucratic apparatuses, they not only receive absolutely nothing for doing so, but also deplete their hard-earned money. By depleting their hard-earned money on paying evisceration fees that are imposed by bureaucratic apparatuses that they receive absolutely nothing for paying, it is also far more cumbersome for them to establish a sizeable investment portfolio. A universal basic income can render it less cumbersome for people who work real private sector jobs based on voluntary demand to be able to establish a sizeable investment portfolio. In this controlled market economy, having over 13,000 evisceration fees that are imposed by bureaucratic apparatuses which people who work real private sector jobs based on voluntary demand pay and do not receive anything for paying, not only amplifies the cost of living, but also concomitantly reduces the standard of living for people who work real private sector jobs based on voluntary demand. When a person's standard of living is reduced, then it can adversely impinge on his quality of life. If people were to receive a universal basic income, then people who work real private sector jobs based on voluntary demand would no longer be receiving absolutely nothing for paying an exorbitant amount of evisceration fees that are imposed by bureaucratic apparatuses in this controlled market economy. A universal basic income is an income that is also able to render it less cumbersome for people who wok real private sector jobs based on voluntary demand to liberate their sacrosanct time amid their adulthood years. This is because a universal basic income is an income that is unconditionally doled out to people irrespective of their productivity level. In stark to the minimum wage payments that people who work real private sector employee jobs based on voluntary demand receive from a real private sector employer that are determined by the numbers of hours that they provided labor to a real private sector employer for, a universal basic income is an income that is not metaphorically tethered to a person's sacrosanct time. A universal basic income is an income that is also able to furnish to people with recurring payments of fiat currency on a monthly basis without dispossessing people out of their sacrosanct time to receive the payments of fiat currency.