Universal basic income definition

A Basic Guaranteed Income (BGI) can be defined as follows (according to BIEN) A basic income is a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement. That is, basic income has the following five characteristics: 1. Periodic: it is paid at regular intervals (for example every. Feb 19, 2017 · The idea of the universal basic income is that the government pays every adult citizen the basic cost of living. It doesn’t matter if you’re rich or poor, in work or unemployed – everyone. The idea of a Universal Basic Income […]

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