What is basic income guarantee?

Basic Income Guarantee

A basic income guarantee (basic income, 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; the richest as well as the poorest citizens would receive it. The U.S. Basic Income Network emphasizes this absence of means testing in its precise definition, "The Basic Income Guarantee is an unconditional, government-insured guarantee that all citizens will have enough income to meet their basic needs."

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Some articles on basic income guarantee:

Basic Income Guarantee - Further Reading
... Daniel Raventós and Julie Wark, "Indignation, Basic Income and the First Social Law ... Daniel Raventós and Julie Wark, "General Strike in the Kingdom of Spain the Political Economy and Basic Income" "Opendemocracy", 30 March 2012 ... "Basic Income good in the boom, essential in the crisis" ...
Economic Democracy - Reform Agendas - Social Credit - National Dividend
... also proposed a national dividend, sometimes known as a Basic Income Guarantee or "BIG", was advocated in the United States by economists, politicians and ... Friedman originally proposed a negative income tax to support this system, but then opposed the bill because its revised implementation would have merely supplemented rather than replacing. 5257, proposed a basic income guarantee ...

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