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The basic income grant (BIG) is a periodic cash transfer that is unconditional and permanent, and paid to all individuals in society. As a social security measure, the BIG is a necessary means to enhance income security for all through the redistribution of wealth generated by all. Thus, the BIG is not just a means for fighting poverty and reducing inequality, but it is also an economic stimulus that increases the purchasing power of a country’s population through direct unconditional cash transfers.

As a social security measure, the BIG is a necessary means to enhance income security for all through the redistribution of wealth generated by all. Thus, the BIG is not just a means for fighting poverty and reducing inequality, but it is also an economic stimulus that increases the purchasing power of a country’s population through direct unconditional cash transfers.