Basic income

Basic income is a system similar to Social Security, in which all citizens of a country receive a set amount of money on a regular basis. This money is typically provided by the government or a similar public organization. This income, provided unconditionally, is given in addition to any income for which a person works. The goal of a basic income system is to allow every person to have a fair chance at an adequate quality of life. It is a way to combat income inequality and ensure that each citizen has enough money on which to live—Read more at Investopedia. Kagan, Julia. “Basic Income.” 25 February 2018.