Guaranteed minimum income (GMI) also called Citizen's Income, is a system of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. Eligibility is typically determined by citizenship, a means test and either availability for the labour market or a willingness to perform community services. The primary goal of a guaranteed minimum income is to combat poverty. If citizenship is the only requirement, the system turns into a basic income guarantee.
Read more about Guaranteed Minimum Income: Elements, Basic Income, Advocates, Funding
Famous quotes containing the words guaranteed, minimum and/or income:
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