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Discover Ludwig"basic income" is correct and usable in written English.
It can be used to refer to a regular amount of money provided by a government or other organization to individuals (usually without any strings attached). For example, "The government is considering introducing a basic income program, in which all citizens would receive a regular amount of money."
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Basic income?
Universal basic income, anyone?
What about a universal basic income?
That's why we need basic income".
Some form of universal basic income, Istvan says.
Another criticism is that a basic income would be inflationary.
The idea of universal basic income sounds extravagant, right?
The revenue could help to fund a universal basic income.
What about post-employment, when we have universal basic income?
The most heavily touted solution is the universal basic income.
Raising the basic income tax threshold will do the same.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com