Noun
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.
Synonyms: universal basic income, UBI
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.
Synonyms: guaranteed minimum income, guaranteed basic income
Even a modest Basic Income program could become a stepping-stone toward the most profound transformation of all: to unlatch work from livelihood entirely. David Graeber
A primary justification for a basic income is social justice. Guy Standing
Basic income is not a utopia, it's a practical business plan for the next step of the human journey. Jeremy Rifkin
The claim that if people had a basic income they would become lazy is prejudiced and has been refuted many times in many places. Guy Standing
A multi-tier social protection system must be based on a modest basic income so as to enable the precariat to build lives involving a balance of different types of work, not just labour in jobs. Guy Standing
Public social services, infrastructural policies, and so on are vital. But a basic income should be part of a package of reforms. Guy Standing