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guaranteed annual income
[ gar-uhn-teed an-yoo-uhl in-kuhm ]
noun
- Also called guaranteed income. compensation provided by the government to any family or individual whose annual income falls below a specified level. : GAI
˜yÐÄvlog History and Origins
Origin of guaranteed annual income1
Example Sentences
An advisory group in San Francisco has recommended that qualifying Black adults receive a $5 million lump-sum payment, guaranteed annual income of at least $97,000 and personal debt forgiveness.
San Francisco also has a reparations committee that has suggested paying a budget-blowing $5 million to each eligible Black adult, providing a guaranteed annual income of $97,000, and eliminating personal debt.
The San Francisco reparations task force’s draft proposal includes a recommendation for a guaranteed annual income of $97,000 for 250 years for eligible Black residents.
Dr. King advocated for a “guaranteed annual income†as part of the struggle for civil rights in the 1960s.
The city’s task force has floated the idea of lump-sum payments of $5 million per eligible residents, as well as a guaranteed annual income of $97,000 and erasing personal debts.
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