Guaranteed Minimum Income

Guaranteed minimum income (GMI) also called Citizen's Income, is a system of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. Eligibility is typically determined by citizenship, a means test and either availability for the labour market or a willingness to perform community services. The primary goal of a guaranteed minimum income is to combat poverty. If citizenship is the only requirement, the system turns into a basic income guarantee.

Read more about Guaranteed Minimum IncomeElements, Basic Income, Advocates, Funding

Other articles related to "minimum, guaranteed minimum income, income":

Common Minimum Programme
... The Common Minimum Programme is a document outlining the minimum objectives of a coalition government in India ...
List Of U.S. Minimum Wages
... This is a list of the minimum wages (per hour) in each state and territory of the United States, for jobs covered by federal minimum wage laws ... city, or other local laws may determine the minimum wage ... A common exemption to the federal minimum wage is a company having revenue of less than $500,000 per year while not engaging in any interstate commerce ...
Guaranteed Minimum Income - Funding
... Many different sources of funding have been suggested for a guaranteed minimum income Income taxes Sales taxes Capital gains taxes Inheritance taxes Wealth taxes, e.g ... property tax Luxury taxes Elimination of current income support programs and tax deductions Repayment of the grant at death or retirement Land and natural resource taxes Pollution taxes Fees from government ...
Minimum Wage - Alternatives - Guaranteed Minimum Income
... A guaranteed minimum income is another proposed system of social welfare provision ... It is similar to a basic income or negative income tax system, except that it is normally conditional and subject to a means test ...
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... In computer science, the minimum edge cover problem is the problem of finding an edge cover of minimum size ... Covering-packing dualities Covering problems Packing problems Minimum set cover Maximum set packing Minimum vertex cover Maximum matching Minimum edge cover Maximum independent set ...

Famous quotes containing the words income, guaranteed and/or minimum:

    Italy is such a delightful place to live in if you happen to be a man. There one may enjoy that exquisite luxury of Socialism—that true Socialism which is based not on equality of income or character, but on the equality of manners. In the democracy of the caffè or the street the great question of our life has been solved, and the brotherhood of man is a reality. But it is accomplished at the expense of the sisterhood of women.
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    The mere fact of leaving ultimate social control in the hands of the people has not guaranteed that men will be able to conduct their lives as free men. Those societies where men know they are free are often democracies, but sometimes they have strong chiefs and kings. ... they have, however, one common characteristic: they are all alike in making certain freedoms common to all citizens, and inalienable.
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    There are ... two minimum conditions necessary and sufficient for the existence of a legal system. On the one hand those rules of behavior which are valid according to the system’s ultimate criteria of validity must be generally obeyed, and on the other hand, its rules of recognition specifying the criteria of legal validity and its rules of change and adjudication must be effectively accepted as common public standards of official behavior by its officials.
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