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The basic income guarantee (BIG) is a government insured guarantee that no citizen's income will fall below some minimal level for any reason. All citizens would receive a BIG without means test or work requirement.
The name Basic Income Guarantee was chosen because it is similar to both âbasic incomeâ (the best-known version of BIG in Europe today) and âguaranteed incomeâ (as the idea was known in the United States when it was seriously considered in the 1960s and 70s.