In Spain, coronavirus puts the poor at the back of the line

In Spain, coronavirus puts the poor at the back of the line

Residents of the southern neighborhood of Vallecas pick clothes from a donation program at a Catholic parish in Madrid, Spain, October 1, 2020. MADRID—Erika Oliva spends at least three hours a week standing in line at a soup kitchen.

She spends a couple more at the social worker’s office with her 8-year-old son, who has autism. She waits on the phone to the health center, or when she wants to check if her application for a basic income program will get her the promised €1,015 ($1,188).

So far, it hasn’t.“They are always asking for more papers but we still haven’t seen […]

Brazil’s government backs new basic income payments to poor

Brazil's government backs new basic income payments to poor

BRASILIA (Reuters) – Brazil’s government on Monday detailed how it would pay for a new minimum income program called Renda Cidada, with President Jair Bolsonaro and Economy Minister Paulo Guedes still pledging to honor the country’s spending cap and fiscal rules.

The proposed program would replace Bolsa Familia, the successful flagship welfare program of former Workers Party President Luiz Inacio Lula da Silva, which pays women a stipend on the condition that they send their children to school and has been credited with reducing poverty in Brazil.

Renda Cidada, which translates as “Citizen Income,” would draw from funds already dedicated to […]

Elena Whitham: From age 6 I knew something was wrong with UK politics

Elena Whitham: From age 6 I knew something was wrong with UK politics

Meet the SNP candidate for Carrick, Cumnock and Doon Valley: Elena Whitham Can you explain your motivation for wanting to become an MSP?

HAVING worked locally and nationally as a senior councillor, creating and delivering socially just policies that have a tangible impact on our lives, I want to take my experience and drive to Holyrood to ensure that we continue to deliver progressive politics.

What was the first event or thing that got you into politics? FROM the age of six, I understood that something was terribly wrong with UK politics as I was coaxed away from my […]

Furlough Doesn’t Have To End Like This. Here’s The Way Out

Furlough Doesn’t Have To End Like This. Here’s The Way Out

With lockdowns creeping across the country as infection rates rise, and furlough schemes coming to an end, there are fears the economy could slip into a double dip recession. This week, the furlough scheme comes to an end. We are also only at the beginning of the second wave of Covid-19, likely to be even deadlier than the first, with over 300 deaths a day at the moment.

Already, over 700,000 people have lost their jobs, the courts are free to pursue evictions of renters who have fallen into arrears, and a double-dip recession looms.

Millions of Brits remain trapped under […]

Basic Income Could Bring Relief to People with Chronic Illness

Basic Income Could Bring Relief to People with Chronic Illness

Imagine the challenges of falling through the gaps in the social security net because, despite being ill, you’re not disabled ‘enough,’ or chronically ill ‘enough,’ to receive financial aid.

By: Joanna Farley

Imagine never being able to sleep properly. How would you feel after 24 hours? 36? 72? How would your cognitive abilities, your emotional state, your physical coordination decline if you only got 2 hours of rest every night? How would your head, muscles, stomach feel, if you were sleep deprived every day of your life?This is what having Myalgic Encephalomyelitis, also known as Chronic Fatigue Syndrome (ME/CFS), and […]

Is Universal Basic Income the Answer to Alleviating Poverty?

Is Universal Basic Income the Answer to Alleviating Poverty?

At the height of the coronavirus pandemic, Kenya’s Cabinet Secretary for Health, Mutahi Kagwe, made a statement that has become the butt of social media jokes. He said, “If we continue to behave normally, this disease will treat us abnormally. Behaving normal under these circumstances is akin to having a death wish.”

The man in charge of the health docket as the nation is in the throes of a global pandemic moaning and lamenting the public’s apparent refusal to comply with the official prevention strategy sounds defeatist.

The government had curtailed movement into and out of the capital city, Nairobi, and […]

Morocco’s CESE Recommends Reducing Taxes for Low-Income Workers

Morocco’s CESE Recommends Reducing Taxes for Low-Income Workers

Morocco’s Economic, Social, and Environmental Council (CESE) has suggested reducing income taxes for low-income workers and increasing them for high-earning individuals.

According to the CESE, the change would make Morocco’s income taxes more “progressive” and support low-income Moroccans without significantly hindering the country’s tax revenue.

The consultative institution presented the suggestion, among others, in a study about “the health, economic, and social impacts of the COVID-19 pandemic and the means to overcome them.” The CESE published the results of its study on November 5 in a 131-page report .The council suggested that reducing taxes for lower-income employees would improve their resilience […]

At KPU event, Andrew Yang discusses ‘universal basic income,’ while the election takes a backseat

At KPU event, Andrew Yang discusses ‘universal basic income,’ while the election takes a backseat

Courtesy of the Kennedy Political Union At an online event on Oct. 29, former Democratic presidential candidate Andrew Yang spoke about the economy, parts of his platform that he ran on during the 2020 Democratic primaries and the 2020 election.

The Kennedy Political Union, Asian American Student Union, Kogod School of Business and AU College Democrats co-sponsored the event, which was moderated by Kogod professorial lecturer Caroline Bruckner. While the event was advertised by KPU as “a conversation about the election,” most of the interview focused on Yang’s ideas about the economy and “universal basic income,” a staple of his […]

A Guaranteed Monthly Check Changed His Life. Now He Sends Out 650.

A Guaranteed Monthly Check Changed His Life. Now He Sends Out 650.

Lena Mucha for The New York Times

BERLIN — From his Berlin start-up’s brick loft offices, Michael Bohmeyer led the way past a brewery-turned-art space to a makeshift cafe. “If we’re going to sit outside, I might even get coffee,” mused the 36-year-old tech entrepreneur and founder of the “My Basic Income” website. “After all, you have to enjoy life a little bit.”

Enjoying life is no trivial matter for the slight, serious Mr. Bohmeyer, whose experimental, grass-roots platform has thus far given more than 650 randomly-selected people 1,000 euros a month, around $1,165, for a year, no strings attached, just […]

The world in 2040: lunar tourism, the end of cash, a basic income for all

The world in 2040: lunar tourism, the end of cash, a basic income for all

The future of travel: the Algarve, Tuscany… or the Moon? Over the past month or so, we’ve been exhorting you in the magazine and on our various social media channels to answer the following five questions to give us some insight into what you think the world may look like by 2040. We had a fantastic response – thank you for your votes and your emails. Read on to find out the full results, alongside some of the best comments – and the MoneyWeek view. Will gold have hit $10,000 an ounce?

Results: 56% yes, 44% no

We wouldn’t […]