It proclaimed a socialist party whose principless included a guaranteed minimum standard of living for everyone, nationalisation of industry, and heavy taxation of large incomes and of wealth. (en.wikipedia.org)
There are scholarships and endowments for athletes that guarantee a basic minimum standard of living, but this system is fraught with bureaucratic red tape, political interference, conflicts of interest and corruption, he noted. (cnbc.com)
With income growing at around 2 per cent a year, the cost of dealing with global climate and providing a decent minimum standard of living for all would barely dent the rate of growth over a few decades. (johnquiggin.com)