guaranteed annual income

[gar-uhn-teed an-yoo-uhl in-kuhm]

noun

1. Also called guaranteed income. compensation provided by the government to any family or individual whose annual income falls below a specified level. GAI

2. guaranteed annual wage.

Word History and Origins

Origin of guaranteed annual income¹

First recorded in 1965–70

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.

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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.

Read more on Washington Times

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.

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Dr. King advocated for a “guaranteed annual income” as part of the struggle for civil rights in the 1960s.

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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.

Read more on Washington Times