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grahamhgreen

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Member since: Thu Dec 30, 2004, 02:05 PM
Number of posts: 12,895

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Cyprus President announces ‘Guaranteed Minimum Income’ for all citizens

Beneficiaries will be all of our fellow citizens who have an income below that which can assure them a dignified living, irrespective of age, class or professional situation,” Anastasiades said in a statement.

He said the level of the Guaranteed Minimum Income would take into consideration the needs of every citizen and every household concerning nourishment, clothing, consumption of electricity and other indispensable items.

At the same time, it will guarantee the right for housing of the economically weaker groups of the population, he said. This will be done either through the subsidisation of the rent if the beneficiaries don’t own their own residence, or through the subsidisation of the interest on housing loans in the cases where people own a house but face problems in paying instalments.

Also covered will be unforeseen expenses, which unfortunately come up in every household, such as, for example, absolutely necessary construction and repairs to houses, municipal taxes, etc,” he said. http://cyprus-mail.com/2013/07/26/president-announces-guaranteed-minimum-income-for-all-citizens/


In my view, Obama should propose the same.

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