Basic Income

Basic income or citizen’s income is a proposed system of social security that regularly provides each citizen with a sum of money unconditionally. In contrast to income redistribution between nations themselves, the phrase basic income defines payments to individuals rather than households, groups, or nations, in order to provide for individual basic human needs. Except for citizenship, a basic income is entirely unconditional. Furthermore, there is no means test or impact as a result of other income; the richest as well as the poorest citizens would receive it.

Basic income is related to the concept of a social dividend, and is one of the proposed means for distributing the surplus value or economic profits created by socially owned enterprises in a hypothetical socialist economy.

Basic income is not to be confused with Guaranteed minimum income, a similar concept but where the income that is received may be conditional upon participating in government enforced labor or other conditional means testing. Basic income is distinct in that the only requirement for receiving it is to be a citizen of the country.

In everyday usage, the phrase basic income is often inaccurately conflated with means tested guaranteed minimum income alternatives such as a negative income tax. A basic income of any amount less than the social minimum is referred to as a partial basic income.

Similar proposals for "capital grants provided at the age of majority" date to Thomas Paine's Agrarian Justice of 1795, there paired with asset-based egalitarianism.

Read more about Basic Income:  Aggressive Distinction With Minimum Income or Basic Income Guarantee, Arguments For Basic Income, Affordability, Origins, Funding, Criticisms, Further Reading

Other articles related to "income, basic, basic income":

Destitute - Poverty Reduction - Increasing Personal Income - Income Grants
... A guaranteed minimum income ensures that every citizen will live be able to purchase a desired level of basic needs ... A more specific policy, called a basic income (or negative income tax) is a system of social security, that periodically provides each citizen, rich or poor, with a sum of money that is sufficient to live on ... Proponents argue that a basic income is more economically efficient than a minimum wage and unemployment benefits, as the minimum wage effectively imposes a high marginal tax on ...
Basic Income Earth Network
... The Basic Income Earth Network (BIEN until 2004 Basic Income European Network) is a network of academics and activists interested in the idea of a universal basic income, i.e ... a guaranteed minimum income based solely on citizenship and not on work requirement or charity ... and groups committed to or interested in basic income, and fosters informed discussion on this topic throughout the world ...
Basic Income - Further Reading
... Daniel Raventós and Julie Wark, "Indignation, Basic Income and the First Social Law ... Strike in the Kingdom of Spain the Political Economy and Basic Income" "Opendemocracy", 30 March 2012 ... Lo Vuolo, Daniel Raventós and Pablo Yanes, "Basic Income in Times of Economic Crisis The War Social and Working Rights," Counterpunch (Weekend Edition, November 5–7 ...
Harry Dahms - Selected Bibliography
... "Capitalism Unbound? Peril and Promise of Basic Income." Basic Income Studies 1(1) 2006--http// ... "Globalization as Hyper-Alienation Critiques of Traditional Marxism as Arguments for Basic Income." Current Perspectives in Social Theory ...
Basic Income In The Netherlands - Political Background
... The political discussion on basic income was initiated in 1975 by Leo Jansen, an MP for the progressive Christian Political Party of Radicals (PPR) and Vrije Universiteit professor Kuiper ... for Government Policy, an independent think tank of the Dutch government, endorsed a partial basic income ... The PPR and the trade unions which favoured the basic income rejected the Council's proposals because the proposed basic income would be too low and implementation would be accompanied by abolition of the minimum wage ...

Famous quotes containing the words income and/or basic:

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    Henry David Thoreau (1817–1862)

    It is not an exaggeration to say that play is as basic to your child’s total development as good food, cleanliness, and rest.
    Joanne E. Oppenheim (20th century)