Guaranteed minimum income

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What Wikipedia says

Guaranteed minimum income (GMI), also called minimum income (or mincome for short), is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship and that the person in question does not already receive a minimum level of income to live on.

Excerpt from the Wikipedia article “Guaranteed minimum income”, under the CC BY-SA 4.0 license. Read the article on Wikipedia