Basic Income

The Basic Income is a public policy advocated with the belief that each person has the right to a minimal, state assured income, with which he can live a dignified life.

This is often advocated by Green parties, which often mix socialist ideas of economic equality with a desire to implement this equality in a decentralized manner. It was also advocated by Nobel laureat economists Herbert Simon and James Tobin. One widely accepted consequence of this policy is that there are less two-income households. Advocates consider this a benefit of the Basic Income, whereas critics consider this a problem.

Different groups advocating such policies suggest different means by which it may be provided.

Similar Policy Poposals are:
Earned Income Tax Credit (implemented in the USA)
Citizen's Dividend
.