What's basic about an income equal to 20% of the poverty line? Surely that's a Universal Hopelessly Inadequate Income (UHII).
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I think the term is used because that’s what a “demogrant” is commonly known as. The idea is more that everyone is given a sum of money to offset their consumption tax. There will be a level of consumption that’s effectively tax free, and those who consume more will pay more tax.
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