Meaning of basic income | Babel Free

Definitions

1. Ellipsis of universal basic income, a form of social security in which all citizens or residents of a jurisdiction receive a sum of money, regularly and unconditionally.
   abbreviation, alt-of, ellipsis, uncountable, usually
2. Ellipsis of guaranteed basic income, a form of social security in which all citizens or residents of a jurisdiction are guaranteed to have an income level at or above the set basic income cut-off level, whereby the government will top-off incomes falling below the line, to reach the limit; those falling above the line would not receive payments.
   abbreviation, alt-of, ellipsis, uncountable, usually

Equivalents

Examples

“The second feature is the payment by the government of a basic income to all citizens, regardless of their private income or wealth. The amount of basic income should be the same for everyone, and should be calculated to be sufficient to […]”

“The questions to be raised are how processes of globalization, internationalization and economic integration affect national welfare states and what are the consequences for the basic income proposal.”

“For example, replacing an existing tax-benefit system with a combination of a basic income and a flat tax such that no income fell below the poverty threshold would presumably result in large changes in many dimensions of behavior which […]”

CEFR level