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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.